balance is left after the above said deductions will be given to the subscriberfor delayed contributions a penalty of rs 1 per month for contribution of every rs 100 or part thereof for each delayed monthly contributions which impliesrs1 per month for contribution upto rs100 per monthrs2 per month for contribution upto rs101 to 500 per monthrs5 per month for contribution between rs501 to 1000 per monthrs10 per month for contribution beyond rs1001 per monthwithdrawal procedure from apyupon completion of 60 years of ageafter attaining the age of 60 years you need to get in touch with your respective bank or post office and submit the request for drawing the pensionhowever if in case of subscribers death after 60 years the same amount of monthly pension is payable to spouse default nominee nominee will be eligible for return of pension wealth accumulated till age 60 of the subscriber upon death of both the subscriber and spouseexit before the age of 60 yearsas per circular dated may 2 2016 on pfrda website voluntary exit in apy is generally not permitted however in case of exceptional circumstances such as terminal illness or death of the subscriber it can be allowed in case a subscriber who has availed government cocontribution under apy chooses to voluntarily exit apy at a future date he shall only be refunded the contributions made by him to apy along with the net actual accrued income earned on his contributions after deducting the account maintenance charges the government cocontribution and the accrued income earned on the government cocontribution shall not be returned to such subscribers