APY Calculator
Calculate your Atal Pension Yojana contributions and benefits
Personal Details
Monthly pension you will receive after turning 60
APY Contribution Chart
Monthly contribution amounts based on entry age for your selected pension of ₹5,000/month
| Entry Age | Years | Monthly Contribution | Total Investment |
|---|---|---|---|
| 18 years | 42 years | ₹210 | ₹1,05,840 |
| 20 years | 40 years | ₹248 | ₹1,19,040 |
| 25 years | 35 years | ₹376 | ₹1,57,920 |
| 30 years | 30 years | ₹577 | ₹2,07,720 |
| 35 years | 25 years | ₹902 | ₹2,70,600 |
| 40 years | 20 years | ₹1,454 | ₹3,48,960 |
APY Summary
What is Atal Pension Yojana (APY)?
Atal Pension Yojana (APY) is a government-backed pension scheme launched in 2015 under the National Pension System (NPS). It is designed primarily for workers in the unorganised sector who do not have access to formal pension plans. The scheme guarantees a fixed monthly pension of Rs 1,000 to Rs 5,000 after the subscriber turns 60 years old.
Key Features
Any Indian citizen between the ages of 18 and 40 can enroll in APY through their bank account. The monthly contribution depends on the subscriber's age at enrollment and the desired pension amount. The government co-contributes 50% of the total contribution or Rs 1,000 per annum, whichever is lower, for eligible subscribers who joined before 31st March 2016.
Benefits of APY
- Guaranteed monthly pension of Rs 1,000 to Rs 5,000 after age 60
- Spouse continues to receive the same pension after subscriber's death
- Nominee receives the accumulated corpus after both deaths
- Tax deduction under Section 80CCD(1) of Income Tax Act
- Low and affordable contribution amounts for all income levels
Using the APY Calculator
Use our calculator to determine the monthly contribution required based on your current age and desired pension amount. The calculator shows your total investment, years of contribution, and the corpus that will be available to your nominee.
How the APY Calculator Works
Enter your current age and desired monthly pension (Rs 1,000 to Rs 5,000). The calculator shows the required monthly contribution based on PFRDA's contribution chart. It also projects the total amount you will contribute over the accumulation phase and the total pension you will receive after age 60.
APY vs NPS for Retirement Planning
APY offers a guaranteed pension amount, making it predictable but limited to Rs 5,000 per month. NPS is market-linked with no cap on contributions, offering potentially higher returns but without a guaranteed pension. For unorganised sector workers, APY provides a basic safety net, while NPS suits those seeking higher corpus accumulation.
Frequently Asked Questions
What is Atal Pension Yojana (APY)?
APY is a government-backed pension scheme for unorganised sector workers in India. It guarantees a fixed monthly pension of Rs 1,000 to Rs 5,000 after age 60, depending on the contribution amount and the age at which you join. The scheme is administered by PFRDA (Pension Fund Regulatory and Development Authority).
Who is eligible for APY?
Any Indian citizen aged 18-40 with a savings bank account can enrol. You must not be a member of any statutory social security scheme. The contribution period is minimum 20 years. Joining earlier means lower monthly contributions for the same pension amount.
How much do I need to contribute monthly for Rs 5,000 pension?
If you join at age 18, you need to contribute approximately Rs 210 per month. At age 25, the contribution rises to about Rs 376, and at age 35 it is approximately Rs 902. The earlier you join, the lower the monthly contribution for the same guaranteed pension.
Is APY tax-free?
Contributions to APY qualify for tax deduction under Section 80CCD(1) within the overall Rs 1.5 lakh limit of Section 80C. The pension received after 60 is taxable at your applicable slab rate. The lump sum paid to the nominee on the subscriber's death is tax-free.
