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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

APY Contribution Calculator

18 years 40 years
APY is available for ages 18-40 only
Fixed pension options under APY scheme
How often you want to contribute
Auto-debit ensures regular contributions
For auto-debit setup (optional)

Your APY Investment Plan

₹210 Monthly Contribution Required

Investment Details

Monthly: ₹210

Years: 35

Total: ₹88,200

Pension Benefits

Monthly Pension: ₹3,000

Annual Pension: ₹36,000

Guaranteed for life

Total Investment
₹88,200
Retirement Age
60 years
Investment Period
35 years
Annual Return on Investment
40.8%
Government Co-contribution
Eligible
Total Pension Corpus
₹10.8L

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

APY Key Benefits

Guaranteed Pension Life Long
Minimum Entry Age 18 years
Maximum Entry Age 40 years
Retirement Age 60 years
Government Co-contribution Up to ₹1000/year
*As per PFRDA guidelines

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APY Investment Tips

  • Start early to pay lower contributions
  • Set up auto-debit to avoid penalties
  • Keep bank account funded for smooth deductions
  • Register for government co-contribution if eligible
  • Review account annually for any updates
  • Combine with other retirement savings for better corpus
  • Understand exit penalties before discontinuing

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.

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