APY Calculator
Calculate your monthly contributions and total investment under Atal Pension Yojana.
What is the APY Calculator?
Atal Pension Yojana (APY) is a premier social security and pension scheme launched by the Government of India in 2015. Targeted primarily at workers in the unorganized sector, APY provides a guaranteed minimum pension ranging from ₹1,000 to ₹5,000 per month starting at age 60, depending on the subscriber's contributions.
The contribution amount is determined entirely by the age at which you join the scheme and the target pension amount you select. Joining early minimizes the monthly burden, allowing you to secure your retirement years with highly affordable contributions.
Practical Examples & Reference Guide
Below is a reference chart outlining the official monthly contributions and nominee corpus returns under the Atal Pension Yojana for different entry ages:
| Entry Age | Monthly Contribution for ₹1,000 Pension | Monthly Contribution for ₹5,000 Pension | Duration of Contribution | Nominee Corpus Refund |
|---|---|---|---|---|
| 18 Years | ₹42 | ₹210 | 42 Years | ₹1.7 Lakh (₹1,000 pension) / ₹8.5 Lakh (₹5,000 pension) |
| 25 Years | ₹76 | ₹376 | 35 Years | ₹1.7 Lakh (₹1,000 pension) / ₹8.5 Lakh (₹5,000 pension) |
| 30 Years | ₹116 | ₹577 | 30 Years | ₹1.7 Lakh (₹1,000 pension) / ₹8.5 Lakh (₹5,000 pension) |
| 35 Years | ₹181 | ₹902 | 25 Years | ₹1.7 Lakh (₹1,000 pension) / ₹8.5 Lakh (₹5,000 pension) |
| 40 Years | ₹291 | ₹1,454 | 20 Years | ₹1.7 Lakh (₹1,000 pension) / ₹8.5 Lakh (₹5,000 pension) |
Note: The minimum age of entry is 18 years, and the maximum is 40 years. The nominee is guaranteed the refund of the total accumulated pension corpus upon the demise of both the subscriber and their spouse.
In-Depth Technical Guide
Key Rules and Eligibility for Atal Pension Yojana
To participate in the Atal Pension Yojana, individuals must satisfy specific criteria set by the Pension Fund Regulatory and Development Authority (PFRDA):
- Age Limits: You must be at least 18 years old and no older than 40 years old at the time of enrollment.
- Citizenship: Must be a citizen of India.
- Bank Account: A valid savings bank account linked with Aadhaar and mobile number is mandatory to enable auto-debit for contributions.
- Taxation Exclusivity: Effective October 1, 2022, any citizen who is or has been an income tax payer is not eligible to join APY.
Understanding the APY Benefit Structure
APY offers three distinct retirement benefit channels:
- Guaranteed Pension to Subscriber: Upon reaching age 60, the subscriber receives a monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 for life.
- Spousal Pension Security: If the subscriber passes away, the exact same monthly pension continues to the spouse for their lifetime.
- Return of Corpus to Nominee: After the demise of both the subscriber and the spouse, the complete accumulated pension corpus (up to ₹8.5 Lakh for the ₹5,000 slab) is returned to the registered nominee.
Contribution Defaults and Penalty Norms
Since contributions are collected via auto-debit from your savings account, keeping a sufficient balance is essential:
- Defaults: If contributions are delayed, banks charge a small penalty (typically ₹1 to ₹10 per month depending on contribution size).
- Deactivation: If payments stop completely, the account will be frozen after 6 months, deactivated after 12 months, and closed entirely after 24 months.