Must be between 18 and 40 years
Choose your desired pension amount

What is Atal Pension Yojana?

Atal Pension Yojana is a government scheme that guarantees a fixed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000 or ₹5,000 from age 60, backed by the Government of India. If the subscriber passes away, the spouse receives the same pension for life, and after that the accumulated corpus goes to the nominee.

Who Can Join, and What Does It Cost?

You can join between ages 18 and 40, and contributions continue until you turn 60. The younger you start, the cheaper the pension: about ₹42 a month at age 18 for the ₹1,000 tier, rising to about ₹1,454 a month at age 40 for the ₹5,000 tier. Contributions auto-debit from your bank account monthly, quarterly or half-yearly. One important restriction: since 1 October 2022, people who pay income tax cannot enrol, as the scheme is meant for unorganised-sector workers.

How to Use the APY Calculator

Pick your joining age and the pension you want. The calculator shows your required contribution and the total you will pay until 60. This is useful for comparing tiers, or for weighing APY against NPS if you qualify for both.

Understand What the Guarantee Means

The pension is guaranteed in today's rupees, and that is the catch. ₹5,000 a month feels workable now, but after 25 years of even 5% inflation it buys only about ₹1,475 worth of today's goods. So treat APY as a floor: a certain, government-backed base to build on, not a complete retirement plan. If ₹5,000 will not cover your needs, size the gap with the retirement calculator and add other savings on top.

Practical Points to Remember

Keep the linked account funded on the debit date. Missed contributions attract small overdue charges of ₹1 per ₹100 per month, and a long default can freeze the account. You can change your pension tier once a year, though upgrading later costs more because the missed differential has to catch up. If the subscriber dies before 60, the spouse can either continue the contributions or exit with the corpus.

FAQs about APY Calculator

A guaranteed ₹1,000 to ₹5,000 per month (in ₹1,000 steps) from age 60 for life, then the same pension to your spouse, and finally the corpus to your nominee. The guarantee is backed by the Government of India.
It depends on joining age and tier: about ₹42 a month if you join at 18 for the ₹1,000 pension, up to roughly ₹1,454 a month joining at 40 for the ₹5,000 pension. Joining earlier is dramatically cheaper.
Indian citizens aged 18–40 with a savings bank account. Since 1 October 2022, people who are or have been income-tax payers cannot open new APY accounts.
Voluntary exit is allowed only in exceptional circumstances (terminal illness, death); otherwise you receive just your contributions plus net earned interest — not the guaranteed pension. The scheme is designed to be held to 60.
Treat it as a floor, not a plan: the maximum ₹5,000 is fixed in nominal terms, so inflation steadily erodes it. Pair APY with additional saving — even a small SIP — sized against your real expense projection.
Before 60, the spouse can either continue the account until the subscriber would have turned 60 or exit with the accumulated corpus. After 60, the spouse receives the same pension for life, and on the spouse's death the nominee receives the indicated corpus (₹1.7 lakh to ₹8.5 lakh by tier).