Atal Pension Yojana (APY) Calculator
Determine your mandatory bank auto-debit contribution for a guaranteed monthly lifelong pension of ₹1,000 to ₹5,000 under the Government of India APY scheme.
Subscriber Details
Official PFRDA Gazette MatrixSince October 1, 2022, citizens who are or have been income tax payers are not eligible to join APY. If a taxpayer joins, the account is liable to be closed and only contributions refunded without interest.
1. Lifelong pension to you.
2. Same lifelong pension to your spouse upon your demise.
3. Full ₹8.5 Lakh corpus returned to nominee.
Official PFRDA APY Monthly Contribution Chart
Standard monthly auto-debit schedule across all 5 pension slabs for joining ages 18 to 40.
| Age | Years to Pay | ₹1,000 Pension | ₹2,000 Pension | ₹3,000 Pension | ₹4,000 Pension | ₹5,000 Pension |
|---|
🏦 How to Enroll in Atal Pension Yojana
- NetBanking / Mobile Banking: Login to your SBI, HDFC, ICICI, PNB, or Post Office bank app, navigate to e-Services → Atal Pension Yojana, select your pension slab, and submit.
- Branch Visit: Fill out the simple 1-page APY registration form at any bank branch or post office, provide your Aadhaar and savings account number, and sign the auto-debit consent.
- Keep Sufficient Balance: Maintain the required balance on the auto-debit date each month to avoid overdue penalty interest (₹1 per month for contribution up to ₹100).
💡 Why Earlier Joining is Highly Rewarding
- ₹210 vs ₹1,454 per Month: An 18-year-old pays only ₹210/month for a ₹5,000 pension, whereas a 40-year-old must pay ₹1,454/month for the exact same pension.
- Sovereign Guarantee: The pension is explicitly backed by the Government of India under PFRDA. If fund returns are lower than expected, the central government funds the deficit.
- Sec 80CCD(1B) Tax Benefit: Non-taxpayer subscribers who later become taxable can claim tax deduction under Section 80CCD up to ₹50,000.
Frequently Asked Questions
Can I withdraw money from APY before age 60?
Voluntary exit before age 60 is permitted only under exceptional circumstances such as terminal illness or death of the subscriber. Upon voluntary exit, only the subscriber's contributions and net actual interest earned will be refunded.
What if I miss an auto-debit installment?
Banks charge a nominal overdue penalty of ₹1 per month for contributions up to ₹100, ₹2 per month for up to ₹500, and ₹5 per month for up to ₹1,000. The account remains active as long as pending dues are cleared.
Is a medical checkup required to join APY?
No. No medical examination, income certificates, or underwriting checks are required. Any citizen aged 18 to 40 with a savings account is eligible.