Atal Pension Yojana Calculator
Find out your monthly contribution for a guaranteed pension of ₹1,000 to ₹5,000 per month under the Atal Pension Yojana. See total investment and pension benefits based on your age.
APY Details
APY entry age: 18 to 40 years. Since 1 Oct 2022, anyone who is or has been an income-tax payer cannot join.
Monthly contribution you pay
- Pension for life
- Corpus to nominee
- Pension over 20 yrs
The nominee corpus is the indicative amount (PFRDA chart) returned after both you and your spouse die. The pension continues for life; 20 years is shown as an estimate.
All Tiers: Monthly Contribution vs Total Investment
What 20 years of pension pays back
what you put in, paid back as pension over 20 years
- Your pension repays what you put in after
Contribution Table — All Entry Ages
| Entry Age | Monthly Contribution | Years to 60 | Annual Investment | Total Investment |
|---|
Monthly contributions for every entry age from 18 to 40 are taken from the official PFRDA APY contribution chart. Years to 60 and total investment assume monthly contributions from entry age to 60, as in the chart.
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What is Atal Pension Yojana?
Atal Pension Yojana (APY) is a government-backed, defined-benefit pension scheme launched in June 2015 by the Government of India, primarily aimed at workers in the unorganised sector. It is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through the National Pension System (NPS) architecture.
APY guarantees a fixed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 after the subscriber turns 60, depending on the contribution tier chosen. Any Indian citizen aged 18-40 with a savings bank account can join, except that since 1 October 2022 anyone who is or has been an income-tax payer is not eligible to open a new APY account. The earlier you join, the lower your monthly contribution for the same pension amount.
After the subscriber's death, the spouse receives the same pension amount for life. After both the subscriber and spouse pass away, the accumulated corpus (₹1.7 lakh to ₹8.5 lakh depending on the tier) is returned to the nominee. Because the pension is fixed by the government, there is no market risk to the payout.
Worked example: ₹5,000 pension, joining at 25
Illustrative, using the calculator's defaults: entry age 25 and the ₹5,000 monthly pension tier. The PFRDA contribution chart puts your contribution at ₹376 a month for 35 years, until you turn 60.
That is about ₹1.58 lakh paid in over 35 years. In return you get ₹5,000 a month for life (₹12 lakh over 20 years of pension), your spouse gets the same pension after you, and the nominee receives an indicative ₹8.5 lakh after both of you.
Entry age matters more than anything else here. Join at 35 for the same tier and the chart asks for ₹902 a month, about 2.4 times as much, or ₹2.71 lakh in total. If you are eligible and plan to join, joining early is far cheaper. The ₹5,000 is fixed in rupees, though, so it will buy much less in 35 years than it does today.
How to Use This APY Calculator
- 1
Enter your current age
You must be between 18 and 40 years old to join APY. Your entry age determines your monthly contribution amount and how many years you contribute until age 60.
- 2
Select your desired monthly pension
Choose from the 5 pension tiers: ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 per month. This is the guaranteed amount you will receive every month after turning 60.
- 3
Review your monthly contribution
The calculator instantly shows the monthly amount you need to contribute via auto-debit from your savings account. Compare different pension tiers using the bar chart.
- 4
Compare total investment vs pension benefits
See the full picture: your total investment over the contribution period, the indicative corpus returned to your nominee, and estimated total pension income over 20 years of retirement.
APY Key Benefits
Government Guarantee
APY pension is guaranteed by the Government of India. Unlike market-linked schemes, your pension amount is fixed and assured regardless of market conditions. The government co-contribution (50% of the contribution, up to ₹1,000 a year) was only for eligible subscribers who joined by 31 December 2015, for five years (FY 2015-16 to FY 2019-20). It is not available to new subscribers.
Spouse Coverage
After the subscriber's death, the spouse automatically receives the same pension amount for life. There is no reduction, no re-application and no extra cost.
Nominee Gets Corpus
After both the subscriber and spouse pass away, the entire accumulated corpus (₹1.7L to ₹8.5L depending on the pension tier) is paid to the nominee, so your family still receives money after the pension stops.
Tax Benefit (Old Regime)
PFRDA says the tax benefits available under NPS also apply to APY. That covers the additional ₹50,000 NPS deduction (Section 80CCD(1B) under the old Act; carried into the Income-tax Act, 2025 from April 2026), over and above the ₹1.5 lakh limit. It is available only under the old tax regime. Most APY subscribers pay no income tax, since taxpayers can no longer join.
APY Eligibility & Rules
- Age Requirement: You must be between 18 and 40 years old at the time of joining. The minimum contribution period is 20 years (join at 40, contribute until 60).
- Income-Tax Payers Excluded: From 1 October 2022, any citizen who is or has been an income-tax payer is not eligible to join APY.
- Bank Account: You must have a savings bank account. APY contributions are auto-debited from your linked bank account on a monthly, quarterly, or half-yearly basis.
- Aadhaar & Mobile: PFRDA says applicants may provide their Aadhaar and mobile number when registering; banks commonly ask for them. KYC is done through your bank.
- Auto-Debit: Contributions are collected via auto-debit. Ensure sufficient balance on the debit date to avoid default penalties.
- Late Payment: If a contribution is missed, overdue interest of ₹1 for every ₹100 of contribution (or part of it) per month is charged, and it is credited to your own pension account. An APY account is never closed for non-payment; you can regularise it at any time by paying the arrears. Account maintenance charges keep being deducted while contributions are pending.
- Exit Before 60: Voluntary exit before 60 is permitted. You get back your own contributions plus the net income earned on them, less account maintenance charges; any government co-contribution is not refunded.
- At 60: The subscriber receives the guaranteed monthly pension for life, then the spouse receives the same pension for life, and after both, the indicative corpus is returned to the nominee. There is no lump-sum payout option for the subscriber at 60.
- Scheme Change: Subscribers can upgrade or downgrade their pension tier once a year (allowed since 1 July 2020) during the contribution period. Contact your bank to make the change.
