Atal Pension Yojana (APY) Calculator
Calculate your exact monthly contribution and guaranteed nominee corpus.
Secure Your Old Age with Atal Pension Yojana
The Atal Pension Yojana (APY) is a government-backed pension scheme in India primarily focused on providing a universal social security system for the unorganized sector. However, any citizen between the age of 18 and 40 years holding a bank account can join the scheme. Our APY Calculator uses the exact data matrix provided by the PFRDA to give you 100% accurate premium calculations.
Key Features of APY
- Guaranteed Pension: You can choose a fixed monthly pension of ₹1000, ₹2000, ₹3000, ₹4000, or ₹5000 starting from the age of 60.
- Age Advantage: The younger you join, the lower your monthly contribution will be. Joining at 18 for a ₹5000 pension requires just ₹210/month.
- Triple Benefit: Pension for the subscriber, identical pension for the spouse after the subscriber's demise, and finally, the return of the accumulated wealth (Corpus) to the nominee.
- Tax Benefits: Contributions made to APY are eligible for tax benefits similar to the National Pension System (NPS) under Section 80CCD.
Frequently Asked Questions
Who is eligible to open an APY account?
Any Indian citizen with a valid savings bank account, aged between 18 and 40 years, is eligible to open an Atal Pension Yojana (APY) account. Aadhaar card integration is generally required.
What is the guaranteed pension amount in APY?
Subscribers will receive a guaranteed minimum monthly pension ranging from ₹1,000 to ₹5,000 (in multiples of ₹1,000) after reaching the age of 60.
What happens to the APY corpus after death?
Upon the death of the subscriber, the spouse will continue to receive the exact same monthly pension. After the demise of both the subscriber and the spouse, the predetermined accumulated corpus will be returned to the nominee.