Finance calculators

Atal Pension Yojana Calculator

Updated Jul 4, 2026 By Jehan Wadia
Rate Formulas
Joining Age
Allowed range: 18 to 39 years.
Desired Monthly Pension
Contribution Frequency
Monthly Contribution
₹ 376
Per your APY contribution period
Investment Duration
35 Years
Contribute until age 60
Total Amount Invested
₹1.58 Lakhs
₹1,57,920
Guaranteed Nominee Corpus
₹8.50 Lakhs
₹8,50,000
Returned to nominee upon subscriber's death after age 60.
You will receive a monthly pension of ₹5,000 from age 60 for life. Your spouse will also receive ₹5,000 per month for life after your passing.
Step-by-Step Solution
Cumulative Amount Invested Until Age 60
Required Contribution by Pension Tier (at your age & frequency)

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 39, you make small contributions until you turn 60. After that, you get a fixed monthly pension of ₹1,000 to ₹5,000 for life. Your spouse gets the same pension after you pass away, and your nominee receives a lump sum corpus.

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 39 years old to join APY. The younger you start, the less you pay each period. If you need to figure out your exact age in years, use our Age Calculator.

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. 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. 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. The scheme is managed by the Pension Fund Regulatory and Development Authority (PFRDA), the same body that oversees the National Pension System (NPS).

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. 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 39 can join. You must have a savings bank account and a linked mobile number. You cannot be a member of any other statutory social security scheme. Each person can open only one APY account.

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. After both the subscriber and spouse pass away, the government returns a fixed lump sum amount called the nominee corpus to the nominee. This corpus ranges from ₹1.7 lakhs for the ₹1,000 tier to ₹8.5 lakhs for the ₹5,000 tier. If you want to ensure additional financial protection for your family beyond APY, consider using a Life Insurance Calculator to estimate your coverage needs.

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. To build a more complete picture of your financial future, you can explore tools like the PPF Calculator for Public Provident Fund estimates, the SIP Calculator if you invest in mutual funds, or the Compound Interest Calculator to see how your savings grow over time. If you are planning your overall retirement corpus, our Retirement Calculator can help you set a target, and the Gratuity Calculator can estimate an additional benefit you may receive from your employer. You can also use the Inflation Calculator to understand how rising prices may affect the purchasing power of your pension over the years.


Formulas used

Investment Duration (Contribution Period)
\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 switch to a higher or lower pension tier once a year. 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 you miss a payment, your bank will charge a small penalty. The penalty is ₹1 per month for the ₹1,000 tier, ₹2 for ₹2,000, ₹5 for ₹3,000, ₹8 for ₹4,000, and ₹10 for the ₹5,000 tier. If you do not pay for 6 months, your account is frozen. After 12 months, it is deactivated. After 24 months, the account is closed.

Is APY contribution eligible for tax benefits?

Yes. The amount you contribute to APY qualifies for a tax deduction under Section 80CCD(1B) of the Income Tax Act. 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?

Early exit is allowed only in special cases like a terminal illness or death. Under normal conditions, you cannot withdraw before age 60. The government updated rules in 2015 to allow voluntary exit, but you will only get back your own contributions plus the interest earned — not the full corpus.

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.

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. Make sure you keep enough balance in your account on that date. If the bank cannot debit the amount, it counts as a missed payment and a penalty is added.

Can NRIs join Atal Pension Yojana?

No. As per updated government rules from October 2022, NRIs cannot open new APY accounts. If a subscriber becomes an NRI after joining, their account will be closed and their contributions returned.

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

Yes. APY and NPS are two different schemes. You can have accounts in both. However, you cannot hold more than one APY account.

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, your Aadhaar number, and a mobile number linked to your bank. Some banks may also ask for a PAN card. You can apply at any bank branch or through your bank's net banking or mobile app.

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. Your contributions are invested by pension fund managers. 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. Having an EPF (Employee Provident Fund) account does not stop you from opening an APY account. However, if you are covered under any other statutory social security scheme like CSPS or ESIC, you are not eligible to join APY.

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 — almost double the time for the money to grow.

Is there a government co-contribution in APY?

The government used to co-contribute 50% of the subscriber's contribution (up to ₹1,000 per year) for people who joined before March 2016 and were not taxpayers. This co-contribution was available for 5 years. New subscribers no longer get this benefit.

What is the nominee corpus shown in this calculator?

The nominee corpus is a fixed lump sum amount the government returns to your nominee after both you and your spouse pass away. It ranges from ₹1.7 lakhs for the ₹1,000 tier to ₹8.5 lakhs for the ₹5,000 tier. This amount is set by the scheme and does not change based on your age or how much you contributed.

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. Some banks also allow registration through the eNPS portal of PFRDA.

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

If you choose to exit at age 60 without taking the pension, you will receive your accumulated pension corpus as a lump sum. However, the main purpose of APY is to give you a guaranteed monthly income for life, so most people choose to take the pension.

Does this calculator use the official PFRDA contribution chart?

Yes. All contribution amounts shown in this calculator are taken directly from the official PFRDA APY contribution chart. The values match what your bank or the government portal will show you.