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Atal Pension Yojana Calculator & Premium Chart

Age (Years)

Enter value between 18 to 40
18 40

Desired Monthly Pension

Desired Contribution

Total Investment
2000
Monthly Investment
2000
Contribution Years
42 Years
Expected Returns
₹ 42336

Atal Pension Yojana Calculator

What is the Atal Pension Yojana (APY) Calculator?

apy calculator

What is the Atal Pension Yojana (APY) Calculator?

The APY or Atal Pension Yojana calculator is an online tool that helps you to estimate the pension and lump sum amount you will receive at 60. In the calculator, you need to put in your age and the pension amount you want, choosing from options like ₹1,000 to ₹5,000. Then, it will inform you how much you need to invest each month, how many years you will have to contribute, and the total of all your monthly investments.

How Does the APY Calculator Work?

Pradhan Mantri Atal Pension Yojana Calculator

pradhan mantri atal pension yojana calculator

Pradhan Mantri Atal Pension Yojana Calculator

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.

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 - https://npstrust.org.in/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 which you are applying.

How to Use the Digit APY Calculator?

To use the Digit APY calculator, you need to follow the steps mentioned below:

img

Step 1

Enter your age on the APY calculator.

Step 2

Select your desired monthly pension amount.

Step 3

Choose your desired contribution from monthly, quarterly, and half-yearly. Once you enter all the details, the calculator will instantly display the calculated monthly investment, investment duration, and total investment amount.

Atal Pension Yojana Calculation Chart

apy chart

Atal Pension Yojana Calculation Chart

The table below illustrates the monthly contribution based on your age and the pension you select. Therefore, the premium is lower if you start investing at the age of 18.

After a regular contribution, an applicant is guaranteed to receive a monthly pension after attaining 60. In case of the death of the beneficiary, his/her spouse will get the pension benefits. However, on the demise of both, the appointed nominee will receive this pension amount.

[Source]

Atal Pension Yojana Calculator Chart for Monthly Pension of ₹1,000

As a subscriber, if you select the pension scheme of ₹1,000, the bank will debit ₹42 to ₹291 from your account monthly. The expected return to the nominee after the death of the subscriber will stand at ₹1.7 lakhs.

Age (Years of Contribution) Monthly Payment Approximate Corpus at Retirement
18 (42 years) ₹42 ₹1.7 lakhs
20 (40 years) ₹50 ₹1.7 lakhs
22 (38 years) ₹59 ₹1.7 lakhs
24 (36 years) ₹70 ₹1.7 lakhs
26 (34 years) ₹82 ₹1.7 lakhs
28 (32 years) ₹97 ₹1.7 lakhs
30 (30 years) ₹116 ₹1.7 lakhs
32 (28 years) ₹138 ₹1.7 lakhs
34 (26 years) ₹165 ₹1.7 lakhs
36 (24 years) ₹198 ₹1.7 lakhs
38 (22 years) ₹240 ₹1.7 lakhs
39 (21 years) ₹264 ₹1.7 lakhs

Atal Pension Yojana Calculator Chart for Monthly Pension of ₹2,000

If you choose the pension scheme of ₹2,000, you must pay a monthly contribution ranging from ₹84 to ₹528. The nominee will receive ₹3.4 lakhs.

Age (Years of Contribution) Monthly Payment Approximate Corpus at retirement
18 (42 years) ₹84 ₹3.4 lakhs
20 (40 years) ₹100 ₹3.4 lakhs
22 (38 years) ₹117 ₹3.4 lakhs
24 (36 years) ₹139 ₹3.4 lakhs
26 (34 years) ₹164 ₹3.4 lakhs
28 (32 years) ₹194 ₹3.4 lakhs
30 (30 years) ₹231 ₹3.4 lakhs
32 (28 years) ₹276 ₹3.4 lakhs
34 (26 years) ₹330 ₹3.4 lakhs
36 (24 years) ₹396 ₹3.4 lakhs
38 (22 years) ₹480 ₹3.4 lakhs
39 (21 years) ₹528 ₹3.4 lakhs

Atal Pension Yojana Calculator Chart for Monthly Pension of ₹3,000

If you choose the ₹3,000 pension scheme, the monthly contribution will range from ₹126 to ₹873. The nominee will receive an expected return of ₹5.1 lakhs.

Age (Years of Contribution) Monthly Payment Approximate Corpus at retirement
18 (42 years) ₹126 ₹5.1 lakhs
20 (40 years) ₹150 ₹5.1 lakhs
22 (38 years) ₹177 ₹5.1 lakhs
24 (36 years) ₹208 ₹5.1 lakhs
26 (34 years) ₹246 ₹5.1 lakhs
28 (32 years) ₹292 ₹5.1 lakhs
30 (30 years) ₹347 ₹5.1 lakhs
32 (28 years) ₹414 ₹5.1 lakhs
34 (26 years) ₹495 ₹5.1 lakhs
36 (24 years) ₹594 ₹5.1 lakhs
38 (22 years) ₹720 ₹5.1 lakhs
39 (21 years) ₹792 ₹5.1 lakhs

Atal Pension Yojana Calculator Chart for Monthly Pension of ₹4,000

If one opts for a pension of ₹4,000, ₹168 to ₹1,164 will be auto-debited from a bank account. After the beneficiary's death, a nominee will receive an average return of ₹6.8 lakhs.

Age (Years of Contribution) Monthly Payment Approximate Corpus at retirement
18 (42 years) ₹168 ₹6.8 lakhs
20 (40 years) ₹198 ₹6.8 lakhs
22 (38 years) ₹234 ₹6.8 lakhs
24 (36 years) ₹277 ₹6.8 lakhs
26 (34 years) ₹327 ₹6.8 lakhs
28 (32 years) ₹388 ₹6.8 lakhs
30 (30 years) ₹462 ₹6.8 lakhs
32 (28 years) ₹551 ₹6.8 lakhs
34 (26 years) ₹659 ₹6.8 lakhs
36 (24 years) ₹792 ₹6.8 lakhs
38 (22 years) ₹957 ₹6.8 lakhs
39 (21 years) ₹1054 ₹6.8 lakhs

Atal Pension Yojana Calculator Chart for Monthly Pension of ₹5,000

If you opt for a pension scheme of ₹5,000, the monthly contribution will range from around ₹210 to ₹1,454. The nominee will get an expected return of ₹8.5 lakhs.

Age (Years of Contribution) Monthly Payment Approximate Corpus at retirement
18 (42 years) ₹210 ₹8.5 lakhs
20 (40 years) ₹248 ₹8.5 lakhs
22 (38 years) ₹292 ₹8.5 lakhs
24 (36 years) ₹346 ₹8.5 lakhs
26 (34 years) ₹409 ₹8.5 lakhs
28 (32 years) ₹485 ₹8.5 lakhs
30 (30 years) ₹577 ₹8.5 lakhs
32 (28 years) ₹689 ₹8.5 lakhs
34 (26 years) ₹824 ₹8.5 lakhs
36 (24 years) ₹990 ₹8.5 lakhs
38 (22 years) ₹1,196 ₹8.5 lakhs
39 (21 years) ₹1,318 ₹8.5 lakhs

Charges on Atal Pension Yojana

There are certain charges and interest rates for delayed monthly payments. The Pension Fund Regulatory and Development Authority levies those charges backed by a government permit.

Take a look at the table to know more:

Intermediary Charge Head Service Charge
Central Record-Keeping Agencies Account Opening Charges ₹15/account
- Account Maintenance Charges NSDL Rs.25 or Karvy Rs. 14.40
Pension Fund Managers Investment Management Fee (per annum) 0.0102% per annum of AUM
Custodian Investment Maintenance Fee (per annum) 0.0032% per annum for Electronic segment & Physical segment
Point of Presence Upgradation or downgradation 50 (shared equally by PoP and CRA)

What are the Applicable Penalty Charges on APY?

apy penalty charges

What are the Applicable Penalty Charges on APY?

If you fail to pay the monthly premium before the due date, here is a list of monthly penalty charges:

 

  • PFRDA charges ₹1 for monthly payments up to ₹100.
  • It levies ₹2 for monthly contributions between ₹101 to ₹150.
  • ₹5 is charged for premiums ranging from ₹500 to ₹1,000.
  • ₹10 is charged for monthly premiums of more than ₹1,000.

5 Benefits of Using Atal Pension Yojana Premium Calculator

Take a look at how using an online Atal Pension Yojana calculator can help you in the following ways:

savings in advance

Savings in Advance

Using the Atal Pension Yojana calculator gives you a fair idea in advance about how much you need to save to receive a targeted corpus.

saves time

Saves Time

Being completely online, the calculator gives nearly accurate results without investing much time and energy.

free usage

Free Usage

Many websites extend the online Atal Pension Yojana return calculator, which is not subject to usage restrictions. Mostly these calculators are free to use. Hence, you can access this calculator as per your requirement.

use apy calculator to get instant results

Instant Results

After inputting all necessary information, the calculator promptly generates results, showing the monthly contribution amount necessary to reach the selected pension objective.

Customisation

Customisation

Individuals can enter their preferred pension sum, entry age, contribution frequency, and desired pension start age. This customisation lets users align the calculations with their unique preferences and aspirations.

Who Can Invest in Atal Pension Yojana (APY)?

who should invest in apy

Who Can Invest in Atal Pension Yojana (APY)?

Individuals who meet the following criteria can invest in the Atal Pension Yojana:

  • The individual must be an Indian citizen between 18 to 40 years.
  • They can contribute for at least 20 years.
  • The individual must have an Aadhaar Number and a mobile number.
  • They should have a valid bank account.
  • If they are part of the Swavalamban Yojana, they will be automatically moved to the Atal Pension Yojana scheme.

How to Invest in Atal Pension Yojana?

There are two options available for investing in APY, which are as follows:

img

Step 1

Open your APY account online through the net banking facility.

Step 2

Log in to your net banking account and look for APY on the dashboard.

Step 3

Follow the instructions to register for the scheme and finally choose the auto-debit option for easy contributions.

img

Step 1

Visit your bank or post office where you have a savings account and request the Atal Pension Yojana form.

Step 2

Fill in all the required details accurately and attach a photocopy of your Aadhaar card for identification

Step 3

Finally, submit the form to the bank or post office and wait until your application is processed. Once approved, you will receive a confirmation message on your registered mobile number.

FAQs about Atal Pension Yojana Calculator