Atal Pension Yojana Calculator & Premium Chart

Yes. You must have an Aadhaar card to apply for this scheme both online and offline.

Yes. The initial date of the first month of payment is considered as the due date for monthly contributions.

If there is insufficient balance in your savings account for a consecutive 6 months, the government will freeze your APY account. It deactivates the account after 12 months and closes it after 2 years.

NPS gives you more options to choose where to invest your money, letting you spread it across various types of assets. Meanwhile, APY assures you a fixed pension based on your contributions and age. Consider whether you want more choices or a guaranteed pension amount when investing your money.

To accumulate ₹8.5 lakh in Atal Pension Yojana, you must contribute regularly according to the scheme's guidelines.  For example, if you are 34 years old and choose the monthly pension option of ₹5,000, you would need to make monthly payments of approximately ₹824 for 26 years. You can expect to have approximately ₹8.5 lakh as corpus at retirement by consistently contributing this amount.

To accumulate ₹8.5 lakh in Atal Pension Yojana, you must contribute regularly according to the scheme's guidelines. 

For example, if you are 34 years old and choose the monthly pension option of ₹5,000, you would need to make monthly payments of approximately ₹824 for 26 years. You can expect to have approximately ₹8.5 lakh as corpus at retirement by consistently contributing this amount.

Yes, your contributions to the Atal Pension Yojana are eligible for tax exemption under Section 80CCD of the Income Tax Act, 1961.

Individuals covered under statutory social security schemes are not eligible for Government co-contribution under APY. This includes members of schemes like the Employees’ Provident Fund Act, Assam Tea Plantation Provident Fund Act,  Coal Mines Provident Fund Act, Jammu Kashmir Employees’ Provident Fund Act,  Seamens’ Provident Fund Act, and any other statutory social security scheme.

Calculating the APY amount using a custom APY calculator is very easy.  Enter your age on the APY calculator, then select your desired monthly pension amount. Finally, choose your desired contribution from monthly, quarterly, and half-yearly. The calculator will display the calculated monthly investment, investment duration, and total investment amount.

Yes, Atal Pension Yojana (APY) is a pension scheme in India where the contributions are made monthly. Under this scheme, subscribers contribute regularly towards their pension fund during their working years, and upon retirement, they receive a guaranteed monthly pension amount. So, both contributions and payouts are typically every month.

Atal Pension Yojana (APY) offers an affordable pension scheme with guaranteed monthly payouts for the unorganised sector in India. While it provides financial security during retirement, subscribers must commit to regular contributions until age 60, considering its limited flexibility and interest rate risk.

The spouse can receive the pension if the subscriber or APY holder passes away. Should the subscriber and spouse pass away, the accumulated pension wealth until the subscriber's age 60 would be given to the nominee.