Firstly, to use the Atal Pension Yojana calculator, determine how much you must pay. Your monthly contribution depends on your starting age of investment and the pension option you choose.
For example, if you start investing in this scheme at the age of 18, you are liable to finance it for 42 years to get your pension at the age of 60. If you choose the ₹1,000 pension option at 18, your contribution will be equal to ₹42.
However, to avoid manual errors, you can use the Atal Pension Yojana calculator online. Here are the following steps to use the Atal Pension Yojana calculator to get an estimate:
- Visit this official link of NPS - http://npstrust.org.in/content/apy-calculator.
- Now, select your age, pension, expected return and annuity rate.
- After selecting, you will get your monthly, half-yearly and quarterly contribution based on your pension option. Also, you will get an estimated idea about total corpus and investment over the years.
Remember, this calculator does not consider other applicable charges on this scheme. For more clarity, review the same with the bank from where you are applying.