Atal Pension Yojana (APY) Calculator
Estimate the monthly contribution needed under the Atal Pension Yojana to receive your chosen guaranteed pension from age 60.
Indicative estimate (8% assumed growth). The actual contribution is fixed by the official APY chart based on your entry age.
What Is Atal Pension Yojana (APY)
Atal Pension Yojana (APY) is a government-backed pension scheme aimed at workers in the unorganised sector. It provides a guaranteed monthly pension ranging from ₹1,000 to ₹5,000 starting at age 60, in fixed steps of ₹1,000. The pension you receive depends on the amount you contribute and the age at which you join.
Any Indian citizen between 18 and 40 years with a bank or post office account can enrol. Because you join earlier and contribute for longer when young, the monthly contribution is much lower for an 18-year-old than for someone joining at 40. An APY Calculator gives an indicative monthly contribution for your chosen pension and entry age.
How the APY Calculator Works
The actual contribution amounts in APY are fixed by an official government contribution chart. This calculator provides an indicative estimate only, by working backwards from the pension you want.
- The scheme targets a corpus of roughly 170 times your monthly pension. For a ₹5,000 pension that is about ₹8.5 lakh.
- The tool assumes a long-term growth rate of about 8% per annum on your contributions.
- It then estimates the level monthly amount that would build that corpus by age 60, based on the years remaining from your entry age.
Important: the figure shown here is approximate. Your real contribution will follow the official APY contribution chart published by the government, which also fixes the amount your nominee receives. Always confirm the exact figure with your bank or the chart before enrolling.
Worked Example
Suppose a 25-year-old wants the maximum pension of ₹5,000 per month from age 60.
- Years until age 60 = 35 years.
- Target corpus = about 170 times ₹5,000 = roughly ₹8.5 lakh.
- Indicative monthly contribution = roughly ₹350 to ₹380 per month.
A younger entrant at 18 would pay even less per month for the same ₹5,000 pension, while a 40-year-old would pay substantially more because of the shorter saving period. These numbers are indicative; the official chart is the final word.
Benefits and Eligibility
APY offers a guaranteed pension for life after 60, backed by the Government of India, which makes it attractive for those without an employer pension. On the death of the subscriber, the spouse continues to receive the pension, and the accumulated corpus is paid to the nominee thereafter.
To join you must be an Indian citizen aged 18 to 40 with an active bank or post office savings account, and contributions are auto-debited monthly, quarterly or half-yearly. Income tax payers are currently not eligible to enrol. Since contribution rules and eligibility can change, always verify the latest details and the official contribution chart before signing up.
Frequently Asked Questions
APY offers a guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 from age 60. The amount you receive depends on your chosen plan and the contributions you make.
Any Indian citizen aged between 18 and 40 with an active bank or post office savings account can join. Current income tax payers are not eligible to enrol in the scheme.
No. This calculator gives an indicative estimate based on about 8% growth and a target corpus of roughly 170 times the pension. The actual amount you pay follows the official APY contribution chart.
Because the contribution period is shorter. An 18-year-old contributes for over 40 years, while a 40-year-old contributes for only 20 years, so the monthly amount must be higher to reach the same corpus.
On the death of the subscriber, the spouse receives the same pension for life. After the spouse, the accumulated pension corpus is returned to the nominee.
Yes, APY allows you to increase or decrease your pension amount, usually once a year, with a corresponding change in contribution. Confirm the current rules with your bank.