Atal Pension Yojana eligibility: APY is a pension scheme for eligible Indian citizens with a savings bank or post-office savings account, joining from eighteen through their fortieth birthday. The following day is outside the joining-age limit. This calculator uses whole entry ages; it does not verify your date of birth.
From 1 October 2022, a person who is or has been an income-taxpayer cannot newly join APY. Here, income-taxpayer means someone liable to pay income tax, rather than everyone who merely files a return. Subscribers who joined before that change, and eligible subscribers who become taxpayers after joining, have separate treatment described in the official FAQ. Check eligibility before using the estimate as a plan.
Atal Pension Yojana (APY) Calculator
Contributions and Illustrative Pension Payments
(Assuming 20 years of post-retirement pension payout)
Cumulative Contributions Over Time
Monthly Input vs Guaranteed Output
| Investment Year (Your Age) | Cumulative Contribution |
|---|
What is Atal Pension Yojana (APY)?
The Atal Pension Yojana (APY) is a flagship social security scheme launched by the Government of India. Aimed primarily at workers in the unorganized sector, it provides a guaranteed minimum monthly pension to subscribers after they reach the age of 60.
Eligibility & Pension Options
Any Indian citizen between the ages of 18 and 40 years who has a valid bank account can subscribe to APY. You can choose from five fixed monthly pension options: ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000.
Why the Contribution Varies by Age
Your monthly contribution depends entirely on your entry age and the pension amount you select. Because the pension starts at age 60, a 20-year-old has 40 years to accumulate the corpus, resulting in a very small monthly premium. A 40-year-old only has 20 years, making their monthly premium significantly higher. Starting early is the key to maximizing APY benefits.
Government Guarantee & Tax Benefits
Under APY, the minimum pension is guaranteed by the sovereign Government of India. In the event of the subscriber’s demise, the pension is paid to the spouse. Furthermore, contributions made to the Atal Pension Yojana are eligible for tax benefits under Section 80CCD(1B) of the Income Tax Act.
What this tool calculates: It looks up the official monthly contribution for the selected entry age and ₹1,000–₹5,000 monthly pension option. It does not multiply one pension column to estimate another. Total contributions are monthly contribution × twelve × (sixty minus entry age), a complete-years illustration rather than a maturity value or investment return.
The twenty-year pension-payment chart is an illustration at the selected monthly pension. It is not a life-expectancy estimate or a limit on pension duration. APY provides the scheme’s minimum guaranteed pension from age sixty; subscriber, spouse and nominee rights follow the scheme rules.
Atal Pension Yojana and annual percentage yield are different concepts. This page calculates APY scheme contributions, not an effective interest rate. Tax benefits depend on the applicable tax regime and eligibility; no deduction should be assumed from the calculator output.
Sources: PFRDA FAQ, including the monthly contribution table; NPS Trust FAQ; 2022 taxpayer eligibility notification.
Last Updated on 4 weeks ago by Team Paisaseekho
