Atal Pension Yojana Calculator
Calculate monthly contribution for guaranteed pension
Atal Pension Yojana (APY) is a government-backed pension scheme for unorganized sector workers. Join between ages 18-40, contribute monthly, and receive a guaranteed pension of ₹1,000 to ₹5,000 per month starting at age 60.
Calculate
Age must be between 18 and 40 years
Choose your target pension amount at age 60
About Atal Pension Yojana
Eligibility Criteria
- •Indian citizen aged 18-40 years
- •Must have a savings bank account
- •Valid mobile number linked to account
- •Aadhaar card is mandatory
- •Not covered under any other statutory social security scheme
Key Benefits
- •Guaranteed pension: ₹1,000 to ₹5,000 per month
- •Government co-contribution for eligible subscribers
- •Pension starts at age 60 for lifetime
- •Spouse receives pension after subscriber's death
- •Nominee receives corpus after both deaths
- •Tax benefits under Section 80CCD
Important Note
This calculator shows indicative contribution amounts. Actual contributions may vary based on government guidelines. The scheme offers guaranteed pension backed by the Government of India.
Atal Pension Yojana (APY) is a government-backed pension scheme primarily targeted at workers in the unorganized sector. Subscribers who join between ages 18-40 and contribute regularly will receive a guaranteed minimum monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 at age 60, depending on their contribution amount. The pension is guaranteed by the Government of India.
- Guaranteed Pension: Government-guaranteed monthly pension of ₹1,000/₹2,000/₹3,000/₹4,000/₹5,000 at age 60
- Flexible Entry: Join anytime between 18-40 years of age
- Auto-Debit: Monthly contributions auto-debited from savings bank account
- Government Co-Contribution: Earlier provided 50% co-contribution (discontinued from Oct 1, 2022 for new joiners)
- Spouse Continuation: After subscriber's death, spouse receives same pension amount
- Nominee Corpus: After both deaths, nominee receives accumulated pension wealth
- Portability: Can be continued across banks if you change your bank account
- Tax Benefits: Contributions qualify for Section 80CCD(1) deduction up to 10% of gross income
- Income Tax Ineligible: Only for those who are NOT income tax payers
- Single Account: Only one APY account per individual allowed
Who Can Apply
- •Indian citizen aged 18 years to 40 years (18 to 39 years 364 days)
- •Must have a savings bank account or post office savings account
- •Valid mobile number (not mandatory but helpful for communication)
- •Aadhaar number (not mandatory but recommended for smooth processing)
- •Must NOT be an income tax payer (checked at time of joining and annually)
- •Must not be covered under any other statutory social security scheme (EPF, EPS, NPS, etc.)
Who Cannot Apply
- •Income tax payers (person who is or has been an income tax payer)
- •Those above 40 years of age
- •Persons already covered under statutory social security schemes like EPF, EPS, NPS
- •Government employees (Central/State/PSU) with pension benefits
- •Those who don't have a bank account
Online Application (Through Net Banking/Mobile Apps)
- 1Login to your bank's net banking or mobile banking app
- 2Look for 'Atal Pension Yojana' or 'APY' option under Investments/Schemes
- 3Select APY enrollment/registration
- 4Choose your desired pension slab (₹1K/₹2K/₹3K/₹4K/₹5K)
- 5Enter Aadhaar number and mobile number
- 6Confirm auto-debit mandate for monthly contribution
- 7Submit the application
- 8Receive APY acknowledgment/PRAN number via SMS/email
Offline Application (At Bank Branch)
- 1Visit your bank branch or post office where you have savings account
- 2Request APY enrollment form
- 3Fill the form with personal details and choose pension slab
- 4Provide Aadhaar number and mobile number (if available)
- 5Submit form along with savings account details
- 6Give auto-debit mandate consent for monthly deductions
- 7Bank will process and provide PRAN (Permanent Retirement Account Number)
- 8Monthly contributions will auto-debit from your account
Mandatory Documents
- Savings bank account or post office savings account
- Bank account number and IFSC code
- Mobile number (for receiving SMS alerts)
- Auto-debit mandate form (provided by bank)
Optional Documents
- Aadhaar card (not mandatory but helps in faster processing and KYC)
- Nominee details (mandatory to provide but no documents needed initially)
At Age 60 (Normal Exit - Pension Starts)
- •Subscriber starts receiving chosen monthly pension (₹1K to ₹5K) for lifetime
- •Pension continues till subscriber's death
- •After death, spouse receives same pension amount for their lifetime
- •After both deaths, nominee receives accumulated pension wealth (corpus)
Voluntary Exit Before Age 60
- •Allowed at any time before age 60, but NOT recommended
- •Subscriber receives only their own contributions plus net actual interest earned
- •Government co-contribution (if any) and its interest will NOT be returned
- •Account management charges are deducted from accumulated amount
- •Pension benefit is permanently lost upon exit
Exit Due to Death Before Age 60
- •Spouse can continue the account with same contribution till subscriber would have turned 60
- •Spouse will receive same pension as subscriber would have got
- •Alternatively, spouse can exit and receive accumulated corpus (contributions + interest)
- •If spouse also not willing, nominee receives accumulated corpus
Exit Due to Critical Illness
- •Exit allowed before age 60 in case of terminal illness or critical disease
- •Subscriber receives accumulated pension wealth (corpus)
- •Proper medical certification required for processing
Official Links & Resources
Access all official APY portals and resources
Helpline Number
1800-889-1030 (APY Toll-Free) / 1800-210-0080 (NPS-CRA Toll-Free)
Important Resources & Guides
Essential information for APY enrollment and management
APY Contribution Chart by Age
How to Open APY Account
- 1Eligibility CheckAge 18-40, Indian citizen, have savings bank account, not income tax payer
- 2Visit BankGo to any bank branch offering APY (almost all banks)
- 3Fill FormComplete APY registration form, select pension amount (₹1000-5000)
- 4Provide DocumentsSubmit Aadhaar card, bank account details, mobile number
- 5Set Auto-DebitAuthorize monthly auto-debit from your savings account
- 6Get PRANReceive Permanent Retirement Account Number confirmation
APY Pension Options & Returns
- Corpus at 60: ₹1.7 Lakh
- Return to spouse on death: Same pension
- Return to nominee after both: ₹1.7 Lakh corpus
- Contribution varies by age: ₹42-291/month
- Corpus at 60: ₹5.1 Lakh
- Return to spouse on death: Same pension
- Return to nominee after both: ₹5.1 Lakh corpus
- Contribution varies by age: ₹126-873/month
- Corpus at 60: ₹8.5 Lakh
- Return to spouse on death: Same pension
- Return to nominee after both: ₹8.5 Lakh corpus
- Contribution varies by age: ₹210-1454/month
Setting Up Auto-Debit
- Sign Standing Instruction (SI) form at bank
- Maintain minimum balance for contribution
- Auto-debit happens on fixed date each month
- SMS/Email alerts sent for each debit
- Maintain adequate balance before debit date
- Penalty: ₹1-10/month based on contribution
- Account frozen after 6 months default
- Can be revived within 2 years with penalty
- Submit APY modification form
- Provide new bank account details
- Sign fresh auto-debit mandate
- Takes 30 days to process change
Frequently Asked Questions
APY offers 5 guaranteed monthly pension options: ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000 per month starting at age 60. You can choose any one pension slab based on your monthly contribution capacity.
You can join APY between 18 years and 40 years of age (18 to 39 years 364 days). The younger you join, the lower your monthly contribution for the same pension amount.
No, from October 1, 2022, income tax payers are not eligible to join APY. However, if you joined APY when you were not a tax payer and later become one, your APY account will continue and you can keep contributing.
Your spouse can either continue your APY account by contributing till you would have turned 60 and receive the same pension, OR exit and receive the accumulated corpus (contributions + interest). If spouse is also not willing, the nominee receives the corpus.
Yes, voluntary exit is allowed but not recommended. You will receive only your contributions plus net actual interest (after deducting charges). Government co-contribution (if any) and its interest will not be returned, and you lose pension benefit permanently.
Monthly contribution depends on your age at joining and chosen pension amount. For example, if you join at age 18 for ₹5,000 pension, you contribute ₹210/month. If you join at age 40 for same pension, you contribute ₹1,454/month. Use the calculator above for exact amounts.
No, only one APY account is allowed per individual. Multiple APY accounts are not permitted.
If you miss contributions, your account may be frozen. You can reactivate it by paying all pending contributions along with penalty charges. Repeated defaults may lead to account closure.
No, Aadhaar is not mandatory to open APY account, but it is helpful for communication and faster processing. However, providing Aadhaar is encouraged for smooth operations.
Yes, APY contributions are eligible for tax deduction under Section 80CCD(1) up to 10% of gross total income, within the overall limit of ₹1.5 lakh under Section 80C.