Atal Pension Yojana Calculator - Estimate Your APY Contribution Easily
Calculate how much you need to invest monthly for a guaranteed pension under Atal Pension Yojana. Get accurate APY contribution estimates for ages 18-40.
Why Use Our Atal Pension Yojana Calculator?
- 📊 Accurate APY contributions based on your age and pension goal
- ✅ Government co-contribution eligibility estimator included
- 🇮🇳 Built specifically for Indian pension planning under NPS/Atal Yojana
- 📈 Interactive charts showing investment vs benefit over time
- 📱 Mobile-first design and fully compliant with Google AdSense
- 🔒 Official PFRDA data ensures 100% accurate calculations
Your APY Investment Plan
Investment Details
Monthly: ₹210
Years: 35
Total: ₹88,200
Pension Benefits
Monthly Pension: ₹3,000
Annual Pension: ₹36,000
Guaranteed for life
Your APY Benefits
Guaranteed Pension: ₹3,000 per month for life after age 60
Spouse Benefit: Same pension amount after subscriber's demise
Nominee Benefit: Pension wealth goes to nominee after both die
Government Support: Eligible for government co-contribution if annual income ≤ ₹2 lakh
Tax Benefits: Contributions eligible for tax deduction under Section 80CCD
Complete Guide to Atal Pension Yojana (APY)
The Atal Pension Yojana (APY) is a government-backed pension scheme for the unorganized sector, launched in 2015. It guarantees a fixed pension amount ranging from ₹1,000 to ₹5,000 per month after the age of 60, depending on your contribution.
Key Features of APY
Guaranteed Pension
Fixed monthly pension as per your choice, guaranteed by the Government of India.
- ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000
- Payments start from age 60
- Pension for entire lifetime
- Government guarantee on returns
Spouse & Nominee Benefits
Complete protection for your family after your demise.
- Spouse gets same pension after subscriber's death
- Pension wealth to nominee after both die
- No reduction in benefits
- Seamless transfer process
Government Co-contribution
Additional government support for eligible subscribers.
- 50% of contribution or ₹1,000 (whichever is lower)
- Available for 5 years (2015-2020 joiners)
- Income limit: ₹2 lakh per annum
- Must not be income tax payer
Tax Benefits
Contributions are eligible for tax deductions under NPS provisions.
- Deduction under Section 80CCD(1)
- Up to 10% of salary or 20% of gross income
- Additional ₹50,000 under 80CCD(1B)
- Tax-free pension at maturity
APY Contribution Chart (Monthly)
| Entry Age | ₹1,000 Pension | ₹2,000 Pension | ₹3,000 Pension | ₹4,000 Pension | ₹5,000 Pension |
|---|---|---|---|---|---|
| 18 | ₹42 | ₹84 | ₹126 | ₹168 | ₹210 |
| 20 | ₹50 | ₹100 | ₹150 | ₹200 | ₹248 |
| 25 | ₹70 | ₹140 | ₹210 | ₹280 | ₹350 |
| 30 | ₹100 | ₹200 | ₹300 | ₹400 | ₹500 |
| 35 | ₹151 | ₹302 | ₹453 | ₹604 | ₹755 |
| 40 | ₹291 | ₹582 | ₹873 | ₹1,164 | ₹1,454 |
How to Open APY Account
- Eligibility: Indian citizen, age 18-40, have a savings bank account
- Documents Required: Aadhaar card, bank account details, mobile number
- Where to Apply: Any bank branch, CSC centers, or online through bank portals
- KYC Process: Bank will verify Aadhaar and other documents
- Auto-Debit Setup: Mandatory for regular contribution deduction
- PRAN Number: You'll receive a unique Permanent Retirement Account Number
APY vs Other Retirement Options
- APY vs PPF: APY gives guaranteed pension; PPF gives lump sum after 15 years
- APY vs EPF: APY for unorganized sector; EPF for salaried employees
- APY vs NPS: APY has fixed returns; NPS returns are market-linked
- APY vs Mutual Funds: APY is risk-free; mutual funds have market risk
- APY vs Life Insurance: APY focuses on pension; insurance provides life cover
Important Points to Remember
- Premature exit allowed after 5 years but with penalty on contributions
- If contributions stop, account becomes inactive and benefits reduce
- Penalty of ₹1-10 per month for default in payment depending on contribution amount
- Account can be closed before 60 only in exceptional circumstances
- Spouse can continue the account with same benefits after subscriber's death
- No partial withdrawal allowed; it's purely a retirement product
- Annual account statements are provided to track your investments
Atal Pension Yojana Calculator - FAQ
Who is eligible for Atal Pension Yojana?
Indian citizens aged 18-40 years with a savings bank account can join APY. You should not be a member of any other statutory social security scheme or an income tax payer.
What happens if I miss APY contributions?
Missing contributions attracts penalties of ₹1-10 per month depending on your contribution amount. If account remains inactive for 6 months, it gets frozen, and benefits may reduce.
Can I change my pension amount after joining APY?
Yes, you can increase or decrease your pension amount once per financial year. The contribution amount will adjust accordingly based on your age and remaining investment period.
Is the APY pension amount guaranteed by the government?
Yes, the Government of India guarantees the fixed pension amount. If actual returns are lower than projected, the government will fund the difference.
What happens to my APY account if I die before 60?
Your spouse can continue the account and receive the same pension benefits. If both die, the nominee receives the pension wealth (contribution + returns) as a lump sum.
Can I withdraw money from APY before retirement?
APY allows exit after 5 years of joining, but with penalties. Early exit is permitted only in exceptional circumstances like terminal illness. No partial withdrawal is allowed.
How is APY different from NPS?
APY provides guaranteed fixed pension (₹1000-5000), while NPS returns are market-linked. APY has lower contribution amounts and is designed for the unorganized sector.
Are APY contributions eligible for tax deduction?
Yes, APY contributions are eligible for tax deduction under Section 80CCD(1) up to 10% of salary/20% of gross income, with additional ₹50,000 under Section 80CCD(1B).
Disclaimer: This APY calculator is for informational purposes only based on PFRDA guidelines and does not constitute financial advice. Actual contribution amounts are as per official APY tables. Government co-contribution eligibility depends on income criteria and scheme guidelines. Please consult official APY sources or financial advisors before investing.