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Atal Pension Yojana (APY) Calculator — FY 2025-26

Calculate your APY monthly contribution for a guaranteed pension of ₹1,000 to ₹5,000/month at age 60. See the full PFRDA contribution chart for all entry ages (18-40), and compare APY with NPS and PPF to find the best retirement scheme for you.

Enter your age and desired pension to see your monthly APY contribution
years
Entry age must be between 18 and 40 years
Guaranteed pension you will receive every month after age 60
—

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How to Use This Calculator

My APY Contribution tab

Enter your current age (18-40 years) and select your desired monthly pension (₹1,000 to ₹5,000). The calculator instantly shows your required monthly contribution, total investment until age 60, guaranteed pension amount, spouse pension, and corpus returned to nominee. Use this to decide which pension slab fits your budget.

Contribution Chart tab

View the complete PFRDA contribution chart for all entry ages from 18 to 40. Select a pension amount and highlight your age to see exactly where you fall. The chart shows both the monthly contribution and total investment for each age, making it easy to see how much you save by joining early.

APY vs NPS vs PPF tab

Compare the three most popular government retirement schemes side-by-side. Using the same monthly amount as your APY contribution, see what you would accumulate in NPS (market-linked) and PPF (risk-free lump sum). This helps you decide whether guaranteed pension, market growth, or tax-free savings is most important to you.

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How APY Contribution is Determined

Unlike market-linked schemes, APY does not use a formula that you can calculate yourself. The contribution amounts are fixed by PFRDA based on actuarial calculations. The key factors are:

APY Contribution depends on:

1. Entry Age — younger entry = lower contribution (more years to accumulate)
2. Desired Pension — higher pension = higher contribution
3. Vesting Period = 60 − Entry Age (years of contribution)

Pension Slabs:
• &rupee;1,000/month → Corpus to nominee: &rupee;1,70,000
• &rupee;2,000/month → Corpus to nominee: &rupee;3,40,000
• &rupee;3,000/month → Corpus to nominee: &rupee;5,10,000
• &rupee;4,000/month → Corpus to nominee: &rupee;6,80,000
• &rupee;5,000/month → Corpus to nominee: &rupee;8,50,000

Contribution frequency options:
Monthly, Quarterly (monthly × ~3.01), or Half-yearly (monthly × ~6.05)

NPS comparison formula (for Tab 3):
FV = P × [(1 + r)n − 1] / r × (1 + r)
Where P = monthly contribution, r = monthly return rate, n = total months

The guaranteed nature of APY means the government bears the investment risk. PFRDA invests the pooled contributions and ensures the promised pension is paid regardless of market conditions. This is fundamentally different from NPS, where your pension depends on market returns.

Example

Ramesh — 25-year-old auto-rickshaw driver in Pune, wants &rupee;5,000/month pension

Ramesh is 25, drives an auto-rickshaw, and earns about &rupee;15,000-20,000/month. He wants a guaranteed pension for old age and opens an APY account at his bank.

Step 1: Look up contribution

Current age25 years
Desired pension&rupee;5,000/month
Years to 6035 years
Monthly contribution (from PFRDA chart)&rupee;376/month

Step 2: Total investment

Monthly contribution&rupee;376
Total months (35 years × 12)420 months
Total amount paid&rupee;1,57,920

Step 3: Benefits at age 60

Guaranteed monthly pension&rupee;5,000/month (for life)
Annual pension income&rupee;60,000/year
Spouse pension (after Ramesh)&rupee;5,000/month (same)
Corpus to nominee&rupee;8,50,000

Step 4: Return analysis

Pension over 20 years&rupee;12,00,000
Plus corpus to nominee&rupee;8,50,000
Total benefit&rupee;20,50,000
Benefit-to-cost ratio13.0x his investment

By paying just &rupee;376/month for 35 years (total &rupee;1.58 lakh), Ramesh gets a guaranteed &rupee;5,000/month pension for life, the same pension continues for his wife, and &rupee;8.5 lakh goes to his nominee. That is over 13x return on his total investment, with zero market risk.

FAQ

Atal Pension Yojana (APY) is a government-guaranteed pension scheme launched in 2015, primarily for unorganised sector workers. It is regulated by PFRDA (Pension Fund Regulatory and Development Authority). Any Indian citizen aged 18-40 with a savings bank account and linked Aadhaar can join through their bank. From 1 October 2022, income tax payers are not eligible to open new APY accounts (existing subscribers before that date are not affected). The scheme guarantees a fixed monthly pension of &rupee;1,000 to &rupee;5,000 starting at age 60.
The monthly contribution depends on your entry age. For a &rupee;5,000/month pension: age 18 pays &rupee;210/month, age 25 pays &rupee;376/month, age 30 pays &rupee;577/month, age 35 pays &rupee;902/month, and age 40 pays &rupee;1,454/month. The earlier you join, the lower your monthly contribution because the money has more years to accumulate. Joining at 18 vs 40 means paying 7x less per month for the same guaranteed pension.
After the subscriber's death, the spouse receives the same monthly pension amount for life — no reduction. After both the subscriber and spouse pass away, the accumulated corpus is returned to the nominee as a lump sum. The corpus amounts are fixed: &rupee;1.7 lakh for &rupee;1,000 pension, &rupee;3.4 lakh for &rupee;2,000 pension, &rupee;5.1 lakh for &rupee;3,000 pension, &rupee;6.8 lakh for &rupee;4,000 pension, and &rupee;8.5 lakh for &rupee;5,000 pension.
APY contributions qualify for deduction under Section 80CCD(1), within the overall &rupee;1.5 lakh limit of Section 80C. Additionally, contributions up to &rupee;50,000 qualify for an extra deduction under Section 80CCD(1B), over and above the 80C limit. This means if you are already claiming the full &rupee;1.5 lakh under 80C, you can still claim APY contributions under 80CCD(1B). However, note the irony: from 1 October 2022, income tax payers cannot open new APY accounts, so this benefit primarily applies to existing subscribers who enrolled before that date.
Each scheme serves a different purpose. APY is best for guaranteed pension — you know exactly what you will receive monthly at age 60, with zero market risk. The pension is modest (&rupee;5,000/month maximum) but guaranteed by the government. NPS is best for wealth creation — your corpus depends on market returns (historically 10-12% for equity allocation), but there is no guarantee. At retirement, 40% must buy an annuity. PPF is best for risk-free tax-free savings — currently 7.1% interest with EEE tax status, but gives a lump sum, not a pension. For unorganised sector workers, APY is often the best first step. Higher earners may prefer NPS for larger corpus potential. Ideally, combine APY (baseline pension) with NPS or PPF (additional wealth).

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