APY Calculator

Calculate your monthly contribution for Atal Pension Yojana. Plan your retirement with a guaranteed pension scheme backed by the Government of India.

Your Details
Set your age and pension goal
25 yrs
18 yrs40 yrs

Monthly Investment

₹76

Duration

35 yrs

Total Investment

₹31,920

Monthly Pension

₹1,000

From age 60

Annual Pension

₹12,000

Per year

Years to Retirement

35

420 months

Investment Summary
Your contribution and expected returns

Total Investment

₹31,920

₹76/month × 420 months

Recovery Period

2.7 yrs

To recover your investment

Guaranteed Benefits

  • ✓Guaranteed pension of ₹1,000/month from age 60
  • ✓Spouse receives same pension after subscriber's death
  • ✓Nominee receives accumulated corpus after both deaths
  • ✓Government co-contribution for eligible subscribers
Key Features of APY

Guaranteed Pension

Fixed monthly pension amount guaranteed by the Government of India

Low Contributions

Start with as low as ₹42 per month depending on your age

Tax Benefits

Contributions are eligible for tax deduction under Section 80CCD

What is Atal Pension Yojana (APY)?

The Atal Pension Yojana is a pension scheme introduced in the Union Budget of 2015-2016, targeting individuals employed in the unorganized sector. It is a scheme that is also open to the private sector and does not have a pension benefit.

At 60, an individual can choose to obtain a pension of either ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000. This pension depends on their contribution to the scheme and the age at which they start the subscription. This pension can further be claimed by the spouse upon the demise of the account holder.

The collected funds of the Atal scheme are managed by the Pension Fund Regulatory and Development Authority of India (PFRDA).

How Does APY Calculator Work?

The APY Calculator helps you determine the monthly contribution required based on your current age and desired pension amount. The calculator uses the official contribution matrix provided by PFRDA to give you accurate results.

By entering your age and selecting your desired monthly pension, the calculator instantly shows you the monthly investment required, total investment amount, and the duration of your contribution period.

Frequently Asked Questions

What is the Atal Pension Yojana (APY)?

The Atal Pension Yojana is a pension scheme introduced in the Union Budget of 2015-2016, targeting individuals employed in the unorganized sector. At age 60, subscribers can receive a guaranteed pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 per month.

Who is eligible for APY?

Any Indian citizen between 18 and 40 years of age can join APY. The scheme is particularly beneficial for those in the unorganized sector who don't have formal pension coverage.

What happens to the pension after the subscriber's death?

Upon the death of the subscriber, the spouse can claim the same pension amount. After both deaths, the nominee receives the accumulated corpus.

Can I change my pension amount after enrollment?

Yes, subscribers can increase or decrease their pension amount once a year. However, the contribution will be adjusted accordingly based on the age and chosen pension amount.

What is the minimum and maximum age to join APY?

The minimum age to join APY is 18 years and the maximum age is 40 years. The contribution period continues until the subscriber reaches 60 years of age.