APY Calculator
Calculate Atal Pension Yojana contribution for guaranteed monthly pension of ₹1,000 to ₹5,000 at age 60. Government-backed pension for unorganized sector workers.
Your Details
Government-guaranteed pension at age 60
Enter your age to see APY contribution
About APY (Atal Pension Yojana)
APY is a government-backed pension scheme for unorganized sector workers. It guarantees fixed monthly pension of ₹1,000 to ₹5,000 at age 60 based on your contribution.
Key Features
- Entry Age: 18-40 years
- Pension Age: 60 years
- Pension Options: ₹1,000, ₹2,000, ₹3,000, ₹4,000, ₹5,000/month
- Government Co-contribution: 50% for 5 years (for eligible subscribers joining before Dec 2015)
- Auto-debit: From savings account
- Guaranteed: Government-backed pension amount
Eligibility
- Age: 18-40 years at time of joining
- Indian citizen
- Savings bank account
- Mobile number linked to Aadhaar
- Not covered under EPF/EPS/NPS Tier-I
- Not income tax payer
What Happens After 60?
- Subscriber alive: Gets monthly pension for life
- Subscriber dies: Spouse gets same pension for life
- Both die: Nominee gets accumulated corpus (pension wealth)
- Premature death (before 60): Spouse can continue or get refund with interest
Monthly Contribution by Age (for ₹5,000 pension)
| Age | Monthly | Age | Monthly |
|---|---|---|---|
| 18 | ₹210 | 30 | ₹577 |
| 20 | ₹248 | 35 | ₹902 |
| 25 | ₹376 | 40 | ₹1,454 |
💡 Younger you join, lower the contribution!
Tax Benefits
- 80CCD(1): Contributions eligible for deduction up to ₹1.5L (within overall 80C limit)
- Pension Income: Taxable as per income slab
- Corpus to Nominee: Tax-free
Premature Exit
- Before 60: Refund of contribution with/without interest (as per scheme rules)
- After 60: Cannot exit, pension continues for life
- Critical illness: Can exit with accumulated corpus
APY vs NPS
- APY: Fixed pension guaranteed, lower contribution, for unorganized sector
- NPS: Market-linked returns, higher corpus, tax benefit ₹2L, for all
- APY simpler, NPS offers more flexibility
- Can have both NPS (Tier-I) and APY? No, mutually exclusive
Important Points
- Auto-debit from bank — ensure sufficient balance
- Default penalty if contribution missed (restore account with penalty)
- Cannot increase/decrease pension amount once selected
- Can open only 1 APY account per person
- PRAN (Permanent Retirement Account Number) allotted
Who Should Choose APY?
- Unorganized sector workers (no EPF)
- Low-income individuals seeking guaranteed pension
- Risk-averse investors wanting government guarantee
- Those wanting simple, fixed pension (no market risk)
APY Calculator for Indian users
The APY Calculator helps you turn a financial question into a clear number before you apply for a product, invest money, file taxes or compare alternatives. Instead of relying on rough mental math, enter your actual values and review the result, cost, return or tax impact in a structured way.
This page is designed as a practical SEO and user landing page: the calculator comes first, followed by the formula, a worked example, comparison context, frequently asked questions and links to related MONEX MINT tools. That structure helps users finish the calculation and gives search engines enough context to understand the page beyond the widget.
For best results, run at least two scenarios. Use a conservative rate for planning, a realistic market or lender rate for comparison, and a stress case to see what happens if interest rates, returns, salary, taxes or inflation move against you.
How it's calculated
Maturity Value = Contributions + Accrued Interest Interest depends on scheme rate, tenure and deposit rules
- Contribution — Amount deposited under the scheme
- Rate — Applicable scheme interest or return assumption
- Tenure — Scheme holding period or retirement period
Worked example for APY Calculator
- Enter the main amount, such as loan amount, deposit, investment, income or transaction value.
- Add the rate, tenure, slab, contribution or withdrawal value used by the calculator.
- Review the calculated result and compare it with at least one alternate scenario.
- Use the related calculators below to test adjacent decisions before finalizing.
Result: The final result should be used as a decision-support estimate, then verified against the lender, fund house, tax rule, scheme document or official statement before action.
APY Calculator planning checklist
| Step | What to check | Why it matters |
|---|---|---|
| Inputs | Use realistic values, not rounded guesses | Small input changes can materially alter the final result |
| Rate | Confirm whether the rate is annual, monthly, flat, reducing or scheme-specific | Wrong rate type is the most common source of bad estimates |
| Tenure | Compare short and long periods | Longer horizons can reduce cash flow but increase total cost or uncertainty |
| Tax/fees | Include taxes, fees, charges or inflation where relevant | The net result matters more than the headline number |
| Next action | Save the result and compare with related calculators | A single number is useful; a comparison is decision-ready |
Tips and best practices
- Use current official rates or lender quotes where possible.
- Compare best case, base case and conservative case before acting.
- Do not judge a financial product only by EMI, maturity value or tax saved; look at total cost and risk.
- Recalculate whenever rates, salary, tax slabs or scheme rules change.
- Use the sitemap and calculator hub to move between related tools quickly.
Frequently asked questions
What is the APY Calculator?
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Can I use this calculator for Indian financial planning?
What details should I enter?
Does this replace professional financial advice?
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Related calculators
MONEX MINT calculators are educational planning tools. Results are estimates and may differ from final figures issued by banks, tax departments, AMCs, employers, registrars or government scheme providers.