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APY Calculator

Find out how much you need to contribute monthly for a guaranteed pension under the Atal Pension Yojana government scheme.

25
1840
₹5,000
₹1,000₹5K
80
6090
Total₹12.0L
Invested0%
Returns100%

Monthly Contribution

₹376

Total Contributed

₹1,57,920

Pension at 60

₹5,000

Total Pension

₹12,00,000

Contribution Growth

₹5,000/mo

Contribution Growth data
YearTotal Contributed
26₹4,512
27₹9,024
28₹13,536
29₹18,048
30₹22,560
31₹27,072
32₹31,584
33₹36,096
34₹40,608
35₹45,120
36₹49,632
37₹54,144
38₹58,656
39₹63,168
40₹67,680
41₹72,192
42₹76,704
43₹81,216
44₹85,728
45₹90,240
46₹94,752
47₹99,264
48₹1,03,776
49₹1,08,288
50₹1,12,800
51₹1,17,312
52₹1,21,824
53₹1,26,336
54₹1,30,848
55₹1,35,360
56₹1,39,872
57₹1,44,384
58₹1,48,896
59₹1,53,408
60₹1,57,920
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What is Atal Pension Yojana?

Atal Pension Yojana (APY) is a government-backed pension scheme targeted at workers in the unorganized sector — self-employed, daily wage workers, and those without formal pension benefits. It guarantees a fixed monthly pension of ₹1,000 to ₹5,000 after the age of 60. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

APY Pension Slabs

APY offers 5 pension options:

  • ₹1,000/month — lowest contribution, suitable for very low income
  • ₹2,000/month
  • ₹3,000/month
  • ₹4,000/month
  • ₹5,000/month — highest pension, highest contribution

The earlier you join, the lower your monthly contribution. A 18-year-old pays ₹210/month for ₹5,000 pension, while a 40-year-old pays ₹1,454/month for the same pension.

APY Key Benefits

  • Guaranteed pension for life after age 60
  • Spouse pension: After the subscriber's death, the spouse receives the same pension amount
  • Nominee benefit: After both subscriber and spouse pass away, the nominee receives the accumulated corpus
  • Tax benefit: Contributions qualify for deduction under Section 80CCD(1B) up to ₹50,000 (over and above 80C limit)
  • Auto-debit from savings account — no manual effort needed

Who Should Invest in APY?

APY is ideal for self-employed individuals, gig workers, daily wage earners, and small business owners who don't have access to EPF or formal pension plans. It provides a simple, predictable retirement income. However, for higher earners who want a larger corpus, NPS (National Pension System) may be a better choice as it allows market-linked growth with no pension cap.

Frequently Asked Questions

What is Atal Pension Yojana?
APY is a government pension scheme for unorganized sector workers aged 18-40. You contribute monthly until age 60, then receive a guaranteed pension of ₹1,000 to ₹5,000 per month for life. After your death, your spouse receives the same pension.
Can I change my pension amount later?
Yes, you can increase or decrease your pension amount once a year during the contribution period. You can switch between the ₹1,000 to ₹5,000 pension slabs, and your monthly contribution will be adjusted accordingly based on your current age.
What happens if I miss APY contributions?
A penalty of ₹1-₹10 per month is charged for delayed contributions. If contributions are not paid for 6 consecutive months, the account is frozen. After 12 months of non-payment, the account is deactivated. After 24 months, the account is closed and the accumulated amount is returned.
APY vs NPS — which is better?
APY guarantees a fixed pension (₹1,000-₹5,000/month) with no market risk, making it simple and predictable. NPS offers market-linked returns with potentially higher corpus but no guaranteed pension amount. APY is better for low-income workers wanting certainty. NPS is better for those who can invest more and are comfortable with market fluctuations.

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