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Use the Atal Pension Yojana calculator to estimate your monthly contribution to the APY scheme. Enter your age and the pension amount you wish to receive. The APY calculator will show your required monthly contribution.

Continue reading to learn about the details of Atal Pension Yojana, like:

  • What is the Atal Pension Yojana scheme?
  • What are the benefits of the Atal Pension Yojana scheme?
  • How to apply for it and the eligibility criteria?
  • Monthly contribution chart for Atal Pension Yojana.

If you are looking for other risk-free small-term investment options, we recommend checking the post office monthly income scheme calculator.

Or, if you would like to estimate TDS-related charges (Tax Deducted at Source), you may also check our TDS interest calculator.

To secure the future of your girl child you can also invest in Sukanya Samriddhi Yojana scheme. Also, check out the EPF calculator, which helps you evaluate how much you would accumulate during employment while contributing to the Employees' Provident Fund.

If you would instead turn to another type of investment, check our lumpsum plus SIP calculator, which could give you excellent support.

What is the Atal Pension Yojana scheme?

Atal Pension Yojana (APY) is a universal social security scheme launched by the Government of India to guarantee old age income security for its citizens. This scheme aims to encourage workers in unorganized sectors to save for their retirement.

The scheme was announced in the 2015-2016 budget and is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Under this scheme, subscribers receive a minimum guaranteed pension on attaining the age of 60 years. The minimum pension amount can vary between Rs. 1000-5000, depending upon their contribution to the scheme.

Atal Pension Yojana eligibility

Any Indian citizen can subscribe to the Atal Pension Yojana scheme, provided they meet the following eligibility criteria:

  • Age — Your age should between 18 and 40 years.

  • Bank account holder — To enroll for the APY scheme, you need a savings bank account.

In addition to the above, you should also be able to furnish your mobile number and Aadhar details to open an APY account.

Once you are subscribed to the scheme, you pay a monthly contribution until 60 years of age. After you have attained 60 years, you will receive a monthly pension as long as you live.

To build a retirement corpus you can also invest in mutual funds through the SIP route or invest in a PPF scheme. You can explore more about these options in our SIP calculator and PPF calculator.

Atal Pension Yojana chart of contribution

The contribution amount in the APY scheme depends on the subscriber's age at the time of enrolling in the scheme, as well as chosen pension amount.

For example, if your current age is 20 years and you want to opt for a monthly pension of Rs. 5000 when you turn 60, you will have to pay a monthly contribution of Rs. 248 for the next 40 years.

Following is an indicative chart that shows your monthly contribution for a specific monthly pension:

Table I: Atal Pension Yojana monthly contribution chart.

Age of entry (years)

Monthly pension of Rs. 1000

Monthly pension of Rs. 2000

Monthly pension of Rs. 3000

Monthly pension of Rs. 4000

Monthly pension of Rs. 5000





































For further details, check the link at National Pension System.

How to use the Atal Pension Yojana calculator?

Now let us see how you can use the Atal Pension Yojana calculator to estimate your monthly contribution.

APY input data

  1. Type your age when you start contributing to the scheme.

  2. Using the drop-down menu, choose the pension amount you would like to receive. You can also select the contribution frequency (monthly/quarterly/half-yearly).

APY summary

  1. The APY calculator will give you the required monthly contribution and the total corpus that will be returned to the nominee.

  2. You can also see how your investment grows over the years by using the charts of balances and table of payment schedules.

The expected rate of return during the accumulation and pension payout phases is optimized to give you the required monthly contribution, as per the current contribution chart. You can change these values by using the Advanced mode of the calculator.

Note: This calculator does not take into account the applicable scheme expenses.

Benefits of Atal Pension Yojana

Some benefits of the Atal Pension Yojana are:

  • Guaranteed fixed pension: The minimum pension benefits under this scheme are guaranteed by the Government of India (GoI). This pledge means that any shortfall in the actual realized returns on your pension contribution will be funded by the Government. In contrast, other investment schemes like fixed deposits and recurring deposits do not offer such guarantees.

  • Co-contribution by GoI: If you are not covered by any other social security scheme and are not an income taxpayer, the Government will co-contribute 50% of your contribution or Rs. 1000 per annum (whichever is lower) to the pension fund.

  • Flexibility: You can opt to increase or decrease the pension amount depending on your contribution capability. However, you can exercise this option only once in a financial year during the accumulation phase. You can also change the payment frequency (monthly/quarterly/half-yearly) once a year.

  • Tax benefits of Atal Pension Yojana: The contributions made under the Atal Pension Yojana are eligible for deduction under section 80CCD of the Income Tax Act.

  • Death benefits of Atal Pension Yojana: In case of the death of the subscriber, the spouse is entitled to the pension amount. The scheme also has a provision of returning the corpus to a nominee of subscriber's.

How to apply for Atal Pension Yojana?

To apply for Atal Pension Yojana, you need to visit your bank branch/post office and submit the following documents:

  • Filled APY application form; and
  • Aadhaar card.

You can also apply for the APY scheme online by using the net banking facility. After KYC (Know Your Customer) verification, the bank will enroll you in the APY scheme.

You will be required to choose a monthly pension amount between Rs. 1000 - Rs. 5000. Ensure that you have a sufficient balance in your bank account to pay the required monthly contribution. You can use the Atal Pension Yojana calculator to estimate this amount.

Atal Pension Yojana calculator disclaimer

You should consider the present Atal Pension Yojana calculator as a model for financial approximation. All payment figures, balances, and interest figures are estimates based on the data you provided in the specifications that are not exhaustive, despite our best effort.

For this reason, we created the calculator for instructional purposes only. Still, if you experience a relevant drawback or encounter any inaccuracy, we are always pleased to receive helpful feedback and advice.


Can I open both NPS and Atal Pension Yojana account?

Yes, you can enroll for both NPS and Atal Pension Yojana accounts simultaneously. However, you will not be eligible for government co-contribution.

Can income tax payer join Atal Pension Yojana?

Yes, income taxpayers can also join Atal Pension Yojana. However, they will not be eligible for co-contribution from the government.

Who are not eligible for Atal Pension Yojana?

Anyone who is either a minor or above the age of 40 years is not eligible for enrolment into the Atal Pension Yojana.

Can I exit from the Atal Pension Yojana before 60 years of age?

No, you can't exit from the Atal Pension Yojana before attaining 60 years, except under the circumstances like death or terminal illness.

How many APY accounts I can open?

One. An individual can open only one APY account.

What is the age limit for Atal Pension Yojana?

The age limit for Atal Pension Yojana is 18-40 years.

Tibor Pál, PhD candidate and Purnima Singh, PhD
Related calculators
Your age when you start to contribute
Total term of contribution
What pension would you like to receive?
₹ 1000
How often would you like to contribute?
APY summary
Required monthly contribution₹ 115
Total corpus₹ 1,71,429
Total return during accumulation₹ 1,30,020
End of accumulationJul. 24, 2054
chart of balances
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