Atal Pension Yojana Calculator
Calculate Atal Pension Yojana contribution and pension received at age 60. Free, privacy-first — inputs never leave your browser.
Details
Result
Corpus at 60
₹7,50,148
Monthly Pension
₹3,751
For estimation only. Not professional financial, tax, or legal advice. Consult a qualified advisor before making decisions. Full disclaimer.
Atal Pension Yojana
APY provides pension of ₹1,000–5,000 per month starting age 60. Age of entry: 18–40 years. Government co-contribution (for eligible subscribers) adds to the corpus. Choose your pension slab, contribute for 20–42 years, receive a fixed pension for life.
Common questions about APY
What is Atal Pension Yojana (APY)?+
APY is a government-backed pension scheme for Indian citizens aged 18-40 (non-income-tax payers as of Oct 2022 notification). It guarantees a fixed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 starting at age 60, based on contribution. Administered by PFRDA via bank/post office. Contribution increases with age of enrolment and chosen pension amount.
How much do I contribute for APY?+
Depends on age at entry and target pension. To get ₹5,000/month pension: at age 18, contribute ₹210/month; at age 30, ₹577/month; at age 40, ₹1,454/month. For ₹1,000 pension, contributions are 1/5th of these. Earlier you start, much cheaper it becomes. Contributions auto-debit from linked savings account monthly, quarterly, or half-yearly.
Can I claim tax deduction for APY?+
Yes, APY contributions qualify for deduction under Section 80CCD(1), sharing the combined ₹1.5 lakh limit with 80C/80CCC. Additional ₹50,000 under 80CCD(1B) is also available. However, Budget 2022 barred income-tax payers from enrolling in APY from October 2022 — existing subscribers can continue. Pension received at 60 is taxable at slab rate.
What happens to APY if I die before 60?+
The entire corpus is paid to the nominee/spouse. Spouse can choose to: (a) continue the account till maturity and receive the same pension lifelong, then corpus to nominee on spouse's death; or (b) withdraw the accumulated corpus immediately. After subscriber's death post-age-60, spouse receives the same pension; after both die, nominee gets the accumulated corpus (roughly equivalent to 170x the monthly pension amount).
APY vs NPS — which is better?+
APY gives a GUARANTEED pension (government guarantees the shortfall if accumulation falls short). NPS is market-linked with potentially higher returns but no guaranteed pension amount. APY is capped at ₹5,000/month pension; NPS has no cap. For low-income savers seeking certainty, APY wins. For middle/upper-income aiming for higher retirement corpus, NPS is far superior due to higher contribution limits and equity exposure.
Can I exit APY early?+
Voluntary exit before 60 is generally not allowed. Exception: terminal illness or death. On voluntary exit before 60, only your contribution + interest earned on it is returned (government co-contribution, if any, is forfeited). Migrate to NPS if you want flexibility; most income-tax-paying APY subscribers were auto-migrated after the 2022 rule change.