Worked Example: Join APY at age 30, ₹5,000/month pension target
Inputs
- Entry Age30
- Desired Pension₹5,000/month
Results
- Monthly Contribution~₹577
- Pension from Age60
APY is a government-backed pension for unorganised workers. Earlier entry means lower monthly contributions for the same pension.
How APY Calculator Works
Select your entry age (18–40), desired guaranteed monthly pension (₹1,000 to ₹5,000), and payment frequency. Contribution amounts follow the official PFRDA APY chart.
Frequently Asked Questions
What is Atal Pension Yojana (APY)?
APY is a government pension scheme for unorganised sector workers. Subscribers receive a guaranteed monthly pension of ₹1,000–₹5,000 from age 60, based on contributions made from age 18–40.
Who can join APY?
Indian citizens aged 18–40 with a savings bank account can enrol. Contributions are auto-debited monthly, quarterly, or half-yearly until age 60.
Is APY contribution fixed?
Yes. PFRDA prescribes the contribution for each entry age and pension slab. Younger subscribers pay less for the same pension.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Pension and retirement rules vary by country and employer. Plans can change over time.
- Indian tax and government scheme rules can change each financial year. Please confirm with official sources or a chartered accountant (CA).