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Atal Pension Yojana Calculator

Calculate your APY monthly contribution, total investment, corpus amount, and pension based on age and chosen pension slab using official PFRDA rates.

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Eligible age: 18 to 40 years
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About

Atal Pension Yojana (APY) is a Government of India pension scheme administered by PFRDA, targeting unorganized sector workers aged 18 to 40. The scheme guarantees a fixed monthly pension of &rupee;1,000 to &rupee;5,000 after age 60, with contribution amounts determined entirely by entry age and chosen pension slab. A miscalculation of entry timing costs real money: a subscriber joining at age 25 pays roughly 40% less per month than one joining at 30 for the same &rupee;5,000 pension. This calculator uses the official PFRDA contribution table - not estimates - to return exact monthly contributions, total outflow over the vesting period, indicative corpus returned to nominees, and the effective internal rate of return (IRR) on your contributions.

Note: this tool assumes uninterrupted contributions with no defaults or penalties. Actual returns may vary if contributions are delayed. Tax benefits under Section 80CCD(1B) are not computed here as they depend on individual tax slab and regime. Pro tip: enroll before your next birthday to lock in a lower contribution rate for the entire vesting period.

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Formulas

The monthly contribution C is a fixed value from the PFRDA lookup table indexed by entry age a and pension slab P. Total investment over the vesting period is computed as:

T = C × 12 × n

where n = 60 − a is the number of contribution years. The indicative corpus (lump sum returned to nominee upon subscriber's death after 60) is also a government-defined value tied to the pension slab:

Corpus = lookup(P)

The effective annualized internal rate of return IRR is the rate r that satisfies the future value of an ordinary annuity equation, solved numerically via the Newton-Raphson method:

Corpus = C × (1 + r)N − 1r

where N = n × 12 is total number of monthly payments, and r is the monthly rate. The annualized return is IRR = (1 + r)12 − 1. Variable legend: C = monthly contribution (&rupee;), a = entry age (years), P = chosen pension slab (&rupee;/month), n = contribution period (years), N = total payments, r = monthly rate of return.

Reference Data

Entry AgeYears of Contribution&rupee;1,000/mo Pension&rupee;2,000/mo Pension&rupee;3,000/mo Pension&rupee;4,000/mo Pension&rupee;5,000/mo Pension
18424284126168210
204050100150198248
223859117177234292
243670139208277346
253576151226301376
263482164246327409
283297194292388485
3030116231347462577
3228138276414551689
3426165330495659824
3525181362543722902
3624198396594792990
37232184366548701,087
38222404807209571,196
39212645287921,0541,318
40202915828731,1641,454

Frequently Asked Questions

Entry age is the single largest cost driver. For a ₹5,000/month pension, joining at age 18 requires ₹210/month for 42 years (total ₹1,05,840), while joining at age 40 requires ₹1,454/month for 20 years (total ₹3,48,960). The later entrant pays over 3× more in absolute terms for the identical pension benefit. This is because the government invests early contributions for a longer compounding period.
PFRDA charges a penalty of ₹1/month for contributions up to ₹100, ₹2/month for ₹101 - ₹500, ₹5/month for ₹501 - ₹1,000, and ₹10/month for contributions above ₹1,000. After 6 consecutive months of default, the account is frozen. After 12 months, it is deactivated. After 24 months, the account is closed and you receive only your contributions plus actual (not guaranteed) returns. This calculator assumes zero defaults.
The monthly pension amount (₹1,000 to ₹5,000) is guaranteed by the Government of India. The indicative corpus values (₹1.7 lakh to ₹8.5 lakh) are estimates based on assumed returns. If actual fund returns exceed assumptions, the subscriber may receive a higher corpus. If returns fall short, the government covers the shortfall for the pension component, but the corpus may differ.
Yes. Subscribers can increase or decrease the pension amount once per year during the contribution period. The contribution will be recalculated based on the new slab and your current age at the time of modification. Use this calculator with your current age (not original entry age) to estimate the revised contribution if you switch slabs.
The effective IRR varies by entry age and slab. For an 18-year-old choosing ₹5,000/month pension, the annualized return is approximately 7.5-8.2%, comparable to PPF rates. For a 40-year-old, returns can appear higher (8.5-9.5%) because the government subsidizes a larger gap between contributions and the guaranteed payout. This calculator computes the exact IRR using the Newton-Raphson method on the annuity future value equation.
If the subscriber dies after age 60, the spouse receives the same guaranteed monthly pension for life. Upon the spouse's death, the indicative corpus is paid to the nominee. If the subscriber dies before 60, the spouse can either continue contributing until 60 (and receive the pension) or exit and receive the accumulated corpus. If there is no spouse, the nominee receives the corpus immediately.
Under the old tax regime, APY contributions qualify for deduction under Section 80CCD(1) within the overall ₹1.5 lakh limit of Section 80C, plus an additional ₹50,000 under Section 80CCD(1B). Under the new tax regime (effective FY 2023-24), Section 80CCD(1B) deduction is not available. The pension received after 60 is taxable as income. This calculator does not compute tax savings as they depend on your individual tax slab.