APY Calculator

tuneAPY Details
Current Age
                            
                            Yrs
                        
1840
Monthly Pension at 60
                            ₹
                            
                            /mo
                        
₹1,000₹5,000
Monthly Contribution
₹226/mo
For 35 years (age 25 to 60)
Guaranteed Pension at 60
₹3,000/mo
For life (then spouse)
Annual Contribution
₹2,712
Per year outflow
₹94,920
Total Contributed
Over 35 years
Nominee Corpus
₹5,10,000
Returned on death
Years to Contribute
35 Yrs
Until age 60
Corpus
5.4x

                                    Total Contributed
                                    ₹94,920
                                

                                    Nominee Corpus
                                    ₹5,10,000
                                
functions APY Key FactsContribution based on age + pension (govt. table)
Pension guaranteed by Government of India from age 60
Spouse continues pension after subscriber's death
Not available for income-tax payers (post Oct 2022)

Atal Pension Yojana — Government Pension for All

Atal Pension Yojana (APY) is a government-guaranteed pension scheme for unorganised sector workers and anyone without a pension. You choose your desired monthly pension (₹1,000 to ₹5,000) and contribute a fixed amount monthly until age 60.

Pension starts from age 60 for life. After the subscriber's death, the spouse receives the same pension. After both die, the nominee receives the full accumulated corpus. Section 80CCD(1) tax deduction is available on contributions.

Example Calculation

Scenario: Age 25, ₹3,000/month pension

1Monthly contribution = ₹226 (from APY chart)

2Total invested = ₹226 × 12 × 35 = ₹94,920

3Corpus at 60 = ₹5.10 Lakh (5.4× return)

✓ ₹226/mo for 35 years → ₹3,000/mo pension for life + ₹5.10L corpus for nominee

Frequently Asked Questions

APY — India's guaranteed pension scheme explained

Who is eligible to open an APY account?

Any Indian citizen aged 18 to 40 years with a savings bank account or post office savings account can enroll in APY. Since October 2022, income taxpayers are not eligible to join. A single APY account is allowed per individual. The subscriber must not be a member of any statutory social security scheme.

Can I increase my APY pension amount after enrolling?

Yes, the pension amount can be increased or decreased once per year, during the month of April. You can upgrade from ₹1,000 to ₹5,000 or downgrade, subject to age-linked contribution adjustments. The contribution amount changes accordingly based on the new pension slab and remaining years to 60.

What is the difference between APY and NPS?

APY provides a guaranteed, government-backed fixed monthly pension (₹1,000–₹5,000) regardless of market performance. NPS is market-linked and the final pension depends on investment returns. APY is targeted at the unorganised sector with lower income; NPS offers higher potential returns and more flexibility but carries market risk. Both offer 80CCD tax benefits.

functions APY Key Facts

Atal Pension Yojana — Government Pension for All

Frequently Asked Questions

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