Atal Pension Yojana (APY) Calculator

How this is calculated

Atal Pension Yojana is a voluntary pension scheme of the Government of India, launched on 1 June 2015 and run by PFRDA under the National Pension System. You pick a pension of ₹1,000 to ₹5,000 a month and pay the fixed amount from the chart until you turn 60. The Government guarantees that pension for your life, then the same pension for your spouse's life, and then returns the pension wealth to your nominee. If the funds earn less than the chart assumes, the Government makes up the shortfall. If they earn more, the extra is passed on to you as a higher pension.

APY rules at a glance

From PFRDA's FAQs, the subscriber brochure, the citizen charter and the official forms. Your bank (APY service provider) applies the current rules.

Who can join

Indian citizens aged 18 up to their 40th birthday with a savings bank or post-office savings account. NRIs who meet these conditions can join through a bank that offers APY. Only one APY account per person. Minors can't join.

Income-tax payers

Not eligible from 1 October 2022 if you are or have ever been an income-tax payer. Accounts opened on or before 30 September 2022 continue. If a taxpayer's account is found later, it's closed and the pension wealth is returned without a penalty.

Documents and details

Aadhaar is required (APY is notified under Section 7 of the Aadhaar Act), along with a mobile number for SMS alerts. A nominee is mandatory. If you're married, your spouse is the default nominee, and you add your spouse's details after marriage.

Contributions

Fixed for life by your age at joining, the pension you choose and the frequency (monthly, quarterly or half-yearly). They're auto-debited from your savings account until you turn 60. Keep enough balance on the debit day.

Missed or late payments

₹1 a month for every ₹100 (or part) of each late contribution. This overdue interest stays in your own pension account. The account isn't closed for non-payment, but maintenance charges are deducted until the balance reaches zero.

Pension from 60

The guaranteed pension for life. After you die, your spouse gets the same pension for life. After both of you die, your nominee gets the pension wealth built up until you turned 60 (₹1.7 lakh to ₹8.5 lakh, indicative).

If you die before 60

Your spouse can continue the account (a new PRAN in their name, same contribution, until the date you'd have turned 60) and draw the same pension for life. Or your spouse or nominee can close it and receive the pension wealth.

Leaving early

Voluntary exit before 60 is allowed, but you lose the guarantee. You get back only your contributions plus the net returns earned on them, after charges. Government co-contribution (2015–16 joiners) is not refunded. Keep the linked savings account open so the money can be credited.

Upgrade or downgrade

Change your pension amount once in a financial year, with a ₹50 fee (₹25 to the bank, ₹25 to the record-keeping agency). Your bank recalculates the contribution. A downgrade refunds the extra you paid, with returns.

Changing frequency or bank

Switch between monthly, quarterly and half-yearly once a year by written request to your bank. You can also move your APY account to another bank or post office.

Tax

Contributions get the same tax benefits as NPS (Section 80CCD, under CBDT Notification 7/2016). The extra ₹50,000 under 80CCD(1B) is available only in the old tax regime. The pension is taxable as income.

Help and complaints

Toll-free APY helpline 1800-110-069. Statements, e-PRAN and the "APY and NPS Lite" app are free. Raise a grievance through your bank or the CRA grievance system (CGMS) online. You get a token number to track it.

Assumptions & sources

• Contributions are looked up from the official Annex-1 chart (ages 18–40, five pension levels, three frequencies). Where two published copies differ (age 22, ₹3,000, half-yearly: ₹1,045 vs ₹1,046), the Annex-1 value is used.
• Your age is your completed age on the day you join, and you pay every contribution on time until 60.
• The “return built into the chart” and the indicative pension wealth are worked out so the chart's contributions grow to the published nominee corpus by 60. Actual fund returns vary.
• Upgrade/downgrade: re-fixation uses the chart amount for your current age (PFRDA FAQ, for subscribers aged 40 or below). The differential method carries the gap in past contributions forward at 8 % a year compounded monthly (2020 FAQ and the upgrade form). Fee ₹50.
• Overdue interest: each missed contribution is charged ₹1 a month per ₹100 (or part) for every month it's late, with the most recent one month (or one quarter or half-year) late. Banks may count days differently.
• Inflation and the comparison return are your inputs, constant every year, and are used only for the “today's money” and “elsewhere” figures. Taxes and account maintenance charges are not deducted.

1. 1Annex-1: Monthly, quarterly and half-yearly prescribed contributions under APY, and return of corpus to the nominee — Department of Financial Services, Ministry of Finance / PFRDA. The same chart is published on npstrust.org.in and myscheme.gov.in
2. 2FAQs: Atal Pension Yojana — PFRDA — Pension Fund Regulatory and Development Authority (checked 2026-10-27)
3. 3APY scheme details, forms and FAQs (Central Recordkeeping Agency) — Protean eGov Technologies (formerly NSDL e-Governance)
4. 4Gazette notification: income-tax payers not eligible to join APY from 1 October 2022 — Department of Financial Services, Ministry of Finance (2022-08-10)
5. 5Notification No. 7/2016: tax benefits of NPS apply to APY — CBDT, Ministry of Finance (2016-02-19)
6. 6Atal Pension Yojana — myScheme — Government of India

Calculator ID FIN-IN-APY-001 · version 1.0.0

Common questions