APY Calculator
Find your required Atal Pension Yojana monthly contribution for a chosen guaranteed pension.
Contributing ₹226/month for 35 years (until age 60) secures a guaranteed ₹3.00K/month pension for life from age 60, with ₹5.10L returned to your nominee. These are the official PFRDA APY contribution-chart values — indicative and subject to government revision.
Independent · No commissions · No fund-house data — how the numbers are computed
How it works
Atal Pension Yojana (APY) is a government-guaranteed pension scheme administered by the PFRDA, aimed at workers in the unorganised sector. You join between ages 18 and 40, pick a guaranteed monthly pension tier — ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 — and contribute a fixed monthly amount until age 60, after which the pension is paid for life.
APY is not a formula but a lookup: the PFRDA publishes an official contribution chart, and your monthly contribution depends only on your entry age and chosen pension tier. This calculator reads that official chart — joining at 18 for a ₹5,000 pension costs ₹210 a month, while joining at 40 for the same pension costs ₹1,454 — figures that are indicative and subject to government revision.
The pension is guaranteed by the Government of India. After the subscriber's death the same pension continues to the spouse, and on the death of both, the nominee receives the accumulated corpus — ₹1.7 lakh per ₹1,000 of pension tier, so ₹8.5 lakh for the ₹5,000 tier.
Frequently asked questions
Who is eligible for Atal Pension Yojana?
Indian citizens aged 18 to 40 with a savings bank or post-office account can join APY. Since 1 October 2022, anyone who is or has been an income-tax payer is not eligible to enrol. Contributions continue until age 60, so joining at the last eligible age of 40 still means 20 years of contributions before the pension starts.
How much do I have to contribute to APY?
It depends only on your entry age and the pension tier you choose — the PFRDA publishes a fixed contribution chart, which this calculator uses. At entry age 18, a ₹1,000 monthly pension costs ₹42 a month and a ₹5,000 pension ₹210; at entry age 40 the same tiers cost ₹291 and ₹1,454. Contributions are auto-debited monthly (quarterly and half-yearly options exist) until age 60.
Is the APY pension guaranteed?
Yes. The chosen pension — ₹1,000 to ₹5,000 a month from age 60, for life — is guaranteed by the Government of India. If the scheme's actual investment returns exceed what the guarantee needs, subscribers can receive more; if returns fall short, the government makes up the difference. The same pension continues to the spouse after the subscriber's death.
What does the nominee get in APY?
After the death of both the subscriber and the spouse, the nominee receives the accumulated pension corpus. The indicative corpus is ₹1.7 lakh for the ₹1,000 pension tier, scaling linearly to ₹8.5 lakh for the ₹5,000 tier. While the subscriber is alive, the spouse is the default beneficiary who continues receiving the pension itself.
Can I exit APY before 60?
Voluntary exit before 60 is allowed, but you receive only your own contributions plus the actual interest earned on them, less account-maintenance charges — the government's guarantee and co-contribution do not apply. An exception is made for death or terminal illness, where the spouse can either continue the account until 60 or close it and take the corpus.
Can I change my APY pension amount later?
Yes. Subscribers can upgrade or downgrade their pension tier once per financial year. An upgrade requires paying the difference in contributions for the elapsed period (with interest) so the account matches what the higher tier would have accumulated; a downgrade refunds the excess. The monthly contribution then switches to the chart value for the new tier at your original entry age.
Go further
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