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Atal Pension Yojana Calculator
Launched in 2015, the Atal Pension Yojana is a government pension scheme. It offers financial security to the individuals working in an unorganised sector after their retirement. This scheme encourages eligible candidates to make monthly contributions and get the accumulated corpus after attaining 60.
Atal Pension Yojana calculator is a digital calculator to help you estimate the monthly payment and expected returns in advance.
So, without any delay, let’s take a look at how you can use the Atal Pension Yojana calculator.
Pradhan Mantri Atal Pension Yojana Calculator: How to Calculate APY?
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.
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.
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 | Expected Return |
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 |
40 (20 years) | ₹291 | ₹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 | Expected Return |
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 |
40 (20 years) | ₹582 | ₹3.4 lakhs |
Atal Pension Yojana Calculator Chart for Monthly Pension ₹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 | Expected Return |
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 |
40 (20 years) | ₹873 | ₹5.1 lakhs |
Atal Pension Yojana Calculator Chart for Monthly Pension ₹4,000
If one opts for the pension of ₹4,000, ₹168 to ₹1,164 will be auto-debited from a bank account. After the death of the beneficiary, a nominee will receive an average return of ₹6.8 lakhs.
Age (Years of Contribution) | Monthly Payment | Expected Return |
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 |
40 (20 years) | ₹1,164 | ₹6.8 lakhs |
Atal Pension Yojana Calculator Chart for Monthly Pension ₹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 | Expected Return |
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 |
40 (20 years) | ₹1,454 | ₹8.5 lakhs |
Applicable Interest Rate 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 | ₹40/account per annum |
Pension Fund Managers | Investment Fee (per annum) | 0.0102% of AUM |
Custodian | Investment Maintenance Fee (per annum) | 0.0075% (electronics) 0.05% (physical segment of AUM) |
Point of Presence | Subscriber Charges | ₹120 - ₹150 |
- | Recurring Charges | ₹100 per annum/subscriber |
Applicable Penalty Charges
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.
3 Advantages 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
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
Being completely online, the calculator gives nearly accurate results without investing much time and energy.
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.
