Atal Pension Yojana Calculator

Q: Is APY contribution eligible for tax benefits?

Yes. APY contributions qualify for deductions under Section 80CCD of the Income Tax Act, if you are eligible. 2 You can claim up to ₹50,000 per year. This is over and above the ₹1.5 lakh limit under Section 80C.

Q: Can NRIs join Atal Pension Yojana?

Yes. An NRI who satisfies the eligibility conditions is eligible to open an APY account . 1 Those conditions include being 18 to 40 years old, having a savings bank account and not being an income-tax payer. 1

Q: What documents do I need to open an APY account?

You need a savings bank account or a post office savings bank account. 1 Giving your Aadhaar number and a mobile number at enrolment is recommended, and Aadhaar details must be submitted later if you do not give them at the start. 1 You can apply at the bank branch or post office where your savings account is held, or enrol digitally through the e-APY facility. 1

Atal Pension Yojana Calculator

Introduction

The Atal Pension Yojana (APY) is a government-backed pension scheme in India. It helps workers in the unorganised sector save for retirement. If you join between age 18 and 40, you make small contributions until you turn 60.¹ After that, you get a fixed monthly pension of ₹1,000 to ₹5,000 for life.¹ Your spouse gets the same pension after you pass away, and your nominee receives a lump sum corpus.¹

This APY calculator shows you exactly how much you need to contribute each month, quarter, or half-year based on your current age and your chosen pension amount. It also shows your total investment over the years and the guaranteed corpus your nominee will receive. All contribution amounts come from the official PFRDA chart, so the results you see here match what the government has set.

Just pick your joining age, select a pension tier, choose how often you want to pay, and hit Calculate. You will get a full breakdown with step-by-step details and easy-to-read charts.

How to Use Our Atal Pension Yojana Calculator

Enter your age, pension choice, and how often you want to pay. The calculator will show you how much you need to contribute, how long you will invest, your total amount paid, and the guaranteed corpus your nominee will receive.

Joining Age: Use the slider or type in your current age. You must be between 18 and 40 years old to join APY.¹ The younger you start, the less you pay each period.

Desired Monthly Pension: Pick the monthly pension you want to receive after age 60. You can choose ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000.¹ Use the slider or click on a pension tier card to select.

Contribution Frequency: Choose how often you want to make payments. You can pay Monthly, Quarterly, or Half-Yearly.¹ Click the button that matches your preference.

Once you have set all three inputs, click the Calculate button to see your results, a step-by-step breakdown, and visual charts. Click Reset to go back to the default values and start over.

What Is the Atal Pension Yojana (APY)?

The Atal Pension Yojana is a pension scheme run by the Government of India. It is meant for workers in the unorganised sector, people like shopkeepers, drivers, helpers, and daily wage earners who do not get a pension from their employer.¹ The scheme is managed by the Pension Fund Regulatory and Development Authority (PFRDA), the same body that oversees the National Pension System (NPS).²

How Does APY Work?

You pay a small fixed amount regularly into your APY account from the time you join until you turn 60. After you turn 60, the government gives you a guaranteed monthly pension for the rest of your life.¹ The pension amount you receive depends on two things: how much you choose to get each month and the age at which you join the scheme.

There are five pension tiers to choose from: ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 per month. The younger you are when you join, the less you pay each month. For example, a person who joins at age 18 pays much less than someone who joins at age 35 for the same pension amount.

Who Can Join APY?

Any Indian citizen between the ages of 18 and 40 can join.¹ You must have a savings bank account or a post office savings bank account.¹ From 1st October 2022, anyone who is or has been an income-tax payer cannot open a new APY account.¹ Each person can open only one APY account.¹

What Happens to the Money After You Pass Away?

After the subscriber dies, the same pension amount is paid to the spouse for the rest of their life.¹ After both the subscriber and spouse pass away, the government returns a fixed lump sum amount called the nominee corpus to the nominee. The indicative corpus ranges from ₹1.70 lakh for the ₹1,000 tier to ₹8.50 lakh for the ₹5,000 tier.³

Contribution Frequency Options

You can choose to pay your contributions monthly, quarterly (every 3 months), or half-yearly (every 6 months). The amount changes based on your chosen frequency, but the total you pay over the year stays roughly the same.

Why Use This APY Calculator?

This calculator helps you quickly find out how much you need to pay based on your current age, your desired pension, and how often you want to contribute. It also shows you the total amount you will invest over the years and the guaranteed corpus your nominee will receive. All contribution amounts shown here are based on the official PFRDA chart.

APY is just one part of a solid retirement plan.

Formulas used

Investment Duration (Contribution Period) ¹

\text{Investment Duration} = 60 - \text{Joining Age}

Quarterly Contribution from Monthly

C_{\text{quarterly}} = C_{\text{monthly}} \times 2.98

Half-Yearly Contribution from Monthly

C_{\text{half-yearly}} = C_{\text{monthly}} \times 5.9

Total Amount Invested

\text{Total Invested} = C_{\text{period}} \times N_{\text{periods/year}} \times (60 - \text{Joining Age})

Frequently asked questions

Can I change my pension tier after joining APY?

Yes. You can upgrade or downgrade your pension amount once in a year.¹ Visit your bank and fill out the APY tier change form. Your contribution amount will change based on the new tier and your current age.

What happens if I miss an APY contribution payment?

If a contribution is late, your bank collects overdue interest of Rs.1 for every Rs.100 of contribution, or part of it, per month, and that interest is credited to your own APY account.¹ An APY account is never closed because contributions stop, and you can regularise it at any time by paying the overdue contributions with interest.¹ Account maintenance charges keep being deducted while no contributions come in.¹

Is APY contribution eligible for tax benefits?

Yes. APY contributions qualify for deductions under Section 80CCD of the Income Tax Act, if you are eligible.² You can claim up to ₹50,000 per year. This is over and above the ₹1.5 lakh limit under Section 80C.

Can I exit APY before turning 60?

Yes. Voluntary exit before 60 years of age is permitted, but you are only refunded your own contributions with the income earned on them, after account maintenance charges.¹ If you received the government co-contribution, it and the income earned on it are not refunded.¹ Exit before 60 is also allowed on death or terminal illness.²

Can both husband and wife open separate APY accounts?

Yes. Both spouses can open their own APY accounts. Each person can have only one APY account, but there is no rule that stops both partners from joining the scheme separately.¹

How are APY contributions deducted from my bank account?

Contributions are auto-debited from your linked savings bank account on the date you choose when you sign up.² Make sure you keep enough balance in your account on that date. If the bank cannot debit the amount, it is treated as a default and the contribution is collected the next month along with overdue interest.¹

Can NRIs join Atal Pension Yojana?

Yes. An NRI who satisfies the eligibility conditions is eligible to open an APY account.¹ Those conditions include being 18 to 40 years old, having a savings bank account and not being an income-tax payer.¹

Can I have both APY and NPS at the same time?

Yes. APY and NPS are two different schemes, and an existing NPS subscriber can also subscribe to APY if they meet the eligibility criteria.¹ However, you cannot hold more than one APY account.¹

Is the pension I receive from APY taxable?

Yes. The monthly pension you get after age 60 is added to your total income for that year. You pay tax on it based on your income tax slab. However, if your total income is below the taxable limit, you will not owe any tax on it.

What documents do I need to open an APY account?

You need a savings bank account or a post office savings bank account.¹ Giving your Aadhaar number and a mobile number at enrolment is recommended, and Aadhaar details must be submitted later if you do not give them at the start.¹ You can apply at the bank branch or post office where your savings account is held, or enrol digitally through the e-APY facility.¹

What is the interest rate or return rate in APY?

APY does not work on a fixed interest rate like a bank FD. The government guarantees a fixed pension amount, not a rate of return.¹ Your contributions are invested by pension funds: SBI Pension Fund, LIC Pension Fund and UTI Retirement Solutions.¹ The government covers any shortfall if actual returns are lower than what is needed to pay the guaranteed pension.

Can I join APY if I already have an EPF account?

Yes. Any Indian citizen who meets the eligibility conditions can join APY whatever their employment status, so an EPF (Employee Provident Fund) account does not stop you.¹ The conditions are age 18 to 40, a savings bank or post office savings account, and not being an income-tax payer.¹ Being covered by a statutory social security scheme only ruled people out of the old government co-contribution.²

Why does a younger person pay less in APY?

A younger person has more years to contribute before turning 60. Since the money is invested for a longer time, it grows more. So the required contribution per period is smaller. A 39-year-old has only 21 years, while an 18-year-old has 42 years. That is almost double the time for the money to grow.

Is there a government co-contribution in APY?

The government co-contributed 50% of the total contribution or ₹1,000 per annum, whichever was lower, for 5 years.² It applied only to subscribers who joined between 1 June 2015 and 31 March 2016, were not covered under any statutory social security scheme and were not income taxpayers.² New subscribers no longer get this benefit.

Can I open an APY account online?

Yes. Many banks let you open an APY account through their net banking portal or mobile banking app. You can also sign up at any bank branch. PFRDA has also enabled digital onboarding through the e-APY facility.¹

What if I turn 60 and do not want the pension?

At age 60, exit from APY means your full pension begins.² After the death of both you and your spouse, your nominee receives the pension wealth accumulated until you turned 60.¹

Sources

FAQs: Atal Pension Yojana. Pension Fund Regulatory and Development Authority. Accessed September 11, 2026.

Atal Pension Yojana (APY): Securing Retirement for India’s Unorganised Sector. Press Information Bureau, Government of India. 2025;Posted 8 May 2025. Accessed September 11, 2026.

Atal Pension Yojana – Benefits and Features. Pension Fund Regulatory and Development Authority. Monthly contribution chart. Accessed September 11, 2026.

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