APY Calculator

Find your required monthly contribution under the Atal Pension Yojana and the guaranteed pension you receive from age 60.

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Enter your age and choose a pension slab to see your required monthly contribution

APY Monthly Contribution Chart

Indicative monthly contribution (₹) by entry age and desired pension, as per the official PFRDA Atal Pension Yojana chart. Contributions stop at age 60.

Entry Age Years ₹1,000 ₹2,000 ₹3,000 ₹4,000 ₹5,000

What is the Atal Pension Yojana (APY)?

The Atal Pension Yojana is a Government of India guaranteed pension scheme launched in 2015, administered by the PFRDA and aimed at workers in the unorganised sector. Any Indian citizen aged 18 to 40 with a savings bank account can join. You contribute a fixed monthly amount until age 60, and from age 60 onwards you receive a guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 — whichever slab you chose. The earlier you join, the lower your monthly contribution for the same pension.

Guaranteed Pension
Pension = fixed slab (₹1,000–₹5,000)
The pension is guaranteed by the Government of India. If actual investment returns are higher, the subscriber gets the higher amount; if returns fall short, the government funds the shortfall.
Spouse & Nominee Benefit
Spouse pension + corpus to nominee
On the subscriber's death the same pension continues to the spouse. On the death of both, the accumulated corpus (₹1.7L to ₹8.5L depending on the slab) is returned to the nominee.

Pension slabs and corpus returned to nominee

How the contribution is fixed

Your monthly contribution depends only on your entry age and chosen pension. Join at 18 for the lowest amount — just ₹42/month for a ₹1,000 pension. Join at 40 and the same pension costs ₹291/month.

Indicative corpus to nominee

For ₹1,000 pension the corpus is ₹1.7L, ₹2,000 → ₹3.4L, ₹3,000 → ₹5.1L, ₹4,000 → ₹6.8L and ₹5,000 → ₹8.5L. This is paid to the nominee after both subscriber and spouse pass away.

Tax benefit under 80CCD(1B)

APY contributions qualify for deduction under Section 80CCD(1) and the additional ₹50,000 under 80CCD(1B), the same provisions that apply to the NPS.

Frequently asked questions

Who is eligible for the Atal Pension Yojana?

Any Indian citizen between 18 and 40 years of age with a savings bank or post office account can join APY. From 1 October 2022, income-tax payers are no longer eligible to enrol. Aadhaar and a mobile number are required at enrolment or later.

How is the monthly contribution decided?

It depends entirely on your age at entry and the pension slab you choose. The younger you are when you join, the smaller the monthly contribution for the same pension, because contributions compound over more years. The PFRDA publishes a fixed contribution chart — this calculator uses those official values.

Is the pension under APY guaranteed?

Yes. The pension of ₹1,000 to ₹5,000 is guaranteed by the Government of India. If the actual returns on contributions are higher than assumed, the subscriber receives the higher pension. If returns are lower, the government makes up the shortfall.

What happens to my spouse and nominee?

After the subscriber dies, the same monthly pension is paid to the spouse for life. After both the subscriber and spouse pass away, the entire accumulated corpus (₹1.7 lakh to ₹8.5 lakh depending on the slab) is returned to the registered nominee.

Can I change the pension amount later?

Yes. You can increase or decrease the pension slab once per financial year. The contribution is auto-debited monthly, quarterly or half-yearly from your bank account, and penalties apply for delayed or missed payments.