Atal Pension Yojana Calculator
Plan your retirement pension with APY contribution calculator.
APY / Annual Percentage Yield Formula
APY = (1 + r/n)^n − 1
r = Annual interest rate (assumed 8%)
n = Number of times interest is compounded per year
Example Calculation
For annual rate of 8%, compounded quarterly (n=4):
APY = (1 + 0.08/4)^4 − 1
APY = (1 + 0.02)^4 − 1
APY = (1.02)^4 − 1
APY = 1.0824 − 1
APY = 8.24%
This means for every ₹1,000 invested, you earn about ₹82.40 in interest over the year.
How Atal Pension Yojana Works
1. Choose a monthly pension amount (₹1,000 to ₹5,000)
2. Contribute monthly until age 60
3. Receive guaranteed pension for life after 60
4. On death, corpus goes to nominee
* Eligible: Indian citizens aged 18-40 with a bank account
Corpus Amount to Nominee
₹1,70,000
Monthly Pension
₹ 1,000
Annual Pension
₹ 12,000
Start Age
20 yrs
Pension from Age
60 yrs
* Government co-contributes 50% for eligible subscribers (up to ₹1,000/yr for 5 yrs)
What is the Atal Pension Yojana?
Atal Pension Yojana is a voluntary, government-backed pension scheme launched in 2015 and regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It was designed primarily for workers in India's unorganised sector - daily wage earners, domestic workers, drivers, and self-employed individuals - who don't have access to formal employer-backed pension plans. Subscribers make small monthly contributions based on their age and chosen pension amount, and after retirement, they receive a fixed pension for life.
How Atal Pension Yojana Works
Select your desired monthly pension: ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000
Pay a fixed amount monthly, auto-debited from your bank account, until you turn 60
From age 60, receive your chosen pension amount every month for life
If the subscriber passes away, the spouse receives the same pension for life; after both pass away, the accumulated corpus is paid to the nominee
Who is Eligible for Atal Pension Yojana?
If you're found to be a taxpayer after enrolling, your account is closed and accumulated savings are returned - you don't get the pension benefit, only your contributions back.
Indian citizens aged 18 to 40 years at the time of joining
Active savings account at a bank or post office, linked to Aadhaar and a registered mobile number
Anyone who is or has been an income tax payer is not eligible to join (rule in effect since October 1, 2022)
Must be a resident Indian citizen
Frequently Asked Questions
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