What is the APY monthly contribution chart?

The APY monthly contribution chart is the official PFRDA table mapping entry age to the contribution required for each pension slab. For example, joining at 18 for a Rs 1,000 monthly pension costs Rs 42 per month, while the same pension joined at 40 costs Rs 291 per month. The earlier you join, the lower your monthly contribution for the same guaranteed pension.

Is the Atal Pension Yojana calculator the same for SBI, other banks, and post office?

Yes. APY is a Government of India scheme regulated by PFRDA, and the contribution chart is identical regardless of which bank or post office holds the account. SBI, HDFC Bank, ICICI Bank, all nationalised banks, and India Post all use the same fixed contribution table set by PFRDA. There is no SBI-specific or post-office-specific APY rate.

What is the maturity amount under Atal Pension Yojana?

APY does not produce a lumpsum maturity amount like PPF or NPS. Instead, it guarantees a fixed monthly pension for life starting at age 60, ranging from Rs 1,000 to Rs 5,000 depending on the slab chosen. If the subscriber dies after 60, the spouse continues to receive the same pension, and on the spouse death, the nominee receives the accumulated corpus, which is a fixed amount between Rs 1.7 lakh and Rs 8.5 lakh depending on the slab.

What happens if I miss an APY contribution?

A penalty of Rs 1 to Rs 10 per month is charged depending on the contribution slab if a payment is missed. The account is frozen after a continuous default period, deactivated after a longer default, and closed if contributions remain unpaid beyond 24 months from the due date, with the accumulated corpus returned to the subscriber.

Can I exit Atal Pension Yojana before age 60?

Premature exit is allowed only in exceptional circumstances such as the death of the subscriber or a terminal illness. In these cases, the accumulated corpus (the subscriber contribution plus government co-contribution, if any, plus accrued interest) is paid out. Voluntary exit before 60 for any other reason is not permitted under PFRDA APY guidelines.

What is the tax benefit on Atal Pension Yojana contributions?

APY contributions qualify for deduction under Section 80CCD(1B) of the Income Tax Act, up to Rs 50,000 per year. This deduction is separate from and in addition to the Rs 1.5 lakh limit under Section 80C. The pension received after 60 is taxed as regular income in the year it is received.

How is Atal Pension Yojana different from NPS?

APY guarantees a fixed monthly pension set in advance, with contribution amounts fixed by PFRDA based on entry age. NPS is market-linked: the corpus depends on fund performance and the pension is not guaranteed in advance. APY is designed for low-income, unorganised-sector workers with a maximum pension of Rs 5,000 per month, while NPS has no upper cap on pension and is suited to higher earners seeking market-linked growth.

How do I apply for Atal Pension Yojana online?

You can apply through your bank net banking portal (SBI, HDFC, ICICI, and most banks have an APY section under government schemes), through the eNPS portal using Aadhaar-based e-KYC, or by visiting a bank branch or post office in person with your savings account passbook and Aadhaar.

What is the maximum APY pension I can get at age 60?

The maximum guaranteed monthly pension under Atal Pension Yojana is Rs 5,000, available by choosing the highest contribution slab matched to your entry age. The five available slabs are Rs 1,000, Rs 2,000, Rs 3,000, Rs 4,000, and Rs 5,000 per month.

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Atal Pension Yojana (APY) Calculator: Monthly Contribution | Fermor

What Is Atal Pension Yojana?

Atal Pension Yojana (APY) is a government-backed pension scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It guarantees a fixed monthly pension of Rs 1,000 to Rs 5,000 from age 60, with the contribution amount fixed by PFRDA based on the subscriber entry age.

APY was launched in 2015 to extend pension coverage to workers in the unorganised sector, who typically have no access to employer-backed retirement schemes like EPF. Unlike NPS, where the eventual pension depends on market performance, APY fixes both the contribution and the pension amount in advance.

The scheme is administered jointly by PFRDA and the Ministry of Finance, with banks and post offices acting as points of presence. Full scheme details and circulars are published by pfrda.org.in.

Who Is Eligible for Atal Pension Yojana?

Eligibility for APY requires Indian citizenship, an age between 18 and 40 years, and an active savings bank account or post office savings account. The lower the entry age, the lower the monthly contribution for the same target pension, since contributions compound over a longer period.

From October 2022, PFRDA restricted new APY enrolment to non-income-taxpayers. Existing subscribers who became taxpayers after joining are allowed to continue. Subscribers must not already be covered under another government-backed social security pension scheme.

APY Contribution Chart: How Contribution Is Fixed by Age

The APY contribution chart is not a formula. It is a fixed table published by PFRDA that maps your entry age to a monthly contribution for each of the five pension slabs. The calculator above reads directly from this chart, the same one used to build the Gratuity Calculator approach to fixed, rule-based retirement benefits rather than market projections.

Selected APY monthly contribution by entry age and pension slab, per PFRDA
Entry Age	Rs 1,000 pension	Rs 2,000 pension	Rs 3,000 pension	Rs 4,000 pension	Rs 5,000 pension
18	Rs 42	Rs 84	Rs 126	Rs 168	Rs 210
20	Rs 50	Rs 100	Rs 150	Rs 198	Rs 248
25	Rs 76	Rs 151	Rs 226	Rs 301	Rs 376
30	Rs 116	Rs 231	Rs 347	Rs 462	Rs 577
35	Rs 181	Rs 362	Rs 543	Rs 722	Rs 902
40	Rs 291	Rs 582	Rs 873	Rs 1164	Rs 1454

At entry age 18, a Rs 1,000 monthly pension costs just Rs 42 per month. The same pension joined at age 40 costs Rs 291 per month, nearly seven times more, because there are fewer years left to contribute before age 60.

How to Apply for Atal Pension Yojana

You can open an APY account online through your bank net banking portal, through the eNPS portal with Aadhaar e-KYC, or in person at a bank branch or post office.

Net banking: log in to your SBI, HDFC, ICICI, or other bank account, find the APY section under government schemes, and fill in your details.
eNPS portal: register using Aadhaar-based e-KYC and link your savings bank account for auto-debit of contributions.
Branch or post office: visit with your savings passbook, Aadhaar, and a filled APY registration form, available at all nationalised banks and India Post branches.

Contributions are auto-debited monthly, quarterly, or half-yearly from the linked savings account. A missed auto-debit triggers a small penalty rather than account closure, as long as the account is regularised within 24 months.

APY Premature Exit Rules

Voluntary exit from Atal Pension Yojana before age 60 is not permitted under normal circumstances. PFRDA allows premature exit only in the case of the subscriber death or a diagnosed terminal illness, where the accumulated corpus is paid out to the subscriber or nominee.

At age 60, the subscriber automatically begins receiving the guaranteed monthly pension. If the subscriber dies after 60, the spouse receives the same pension amount for life. After the spouse death, the nominee receives the fixed corpus shown in the calculator above.

APY Tax Benefit Under Section 80CCD(1B)

APY contributions qualify for deduction under Section 80CCD(1B) of the Income Tax Act, up to Rs 50,000 per financial year. This deduction sits outside and in addition to the Rs 1.5 lakh limit under Section 80C, the same exclusive bucket used for additional NPS contributions.

A subscriber in the 30% tax bracket who contributes the full Rs 50,000 eligible amount saves roughly Rs 15,000 in tax per year. The pension received after age 60 is taxed as regular income in the year it is paid out, similar to annuity income from NPS.

What Happens to APY on Death Before or After 60?

If the subscriber dies before age 60, the spouse can continue the account for the remaining tenure and receive the same guaranteed pension at 60, or exit and receive the accumulated corpus. If the subscriber dies after 60 while receiving the pension, the spouse receives the identical monthly pension for life.

Fixed corpus paid to nominee after both subscriber and spouse death, per pension slab
Pension Slab	Corpus to Nominee
Rs 1000/month	Rs 1.7 lakh
Rs 2000/month	Rs 3.4 lakh
Rs 3000/month	Rs 5.1 lakh
Rs 4000/month	Rs 6.8 lakh
Rs 5000/month	Rs 8.5 lakh

APY vs NPS: What Is the Difference?

APY guarantees a fixed pension decided at entry; NPS pension depends entirely on market returns and the annuity rate at retirement. Run the NPS Calculator to compare a market-linked projection against the fixed APY contribution shown above.

APY vs NPS at a glance
Feature	APY	NPS
Pension	Fixed, Rs 1,000 to Rs 5,000/month	Market-linked, no fixed guarantee
Contribution	Fixed by PFRDA chart based on age	Flexible, subscriber chooses amount
Entry age	18 to 40 years	18 to 70 years
Tax benefit	Section 80CCD(1B), up to Rs 50,000	Sections 80CCD(1), (1B), and (2)
Best suited for	Unorganised sector, fixed pension need	Higher earners seeking market growth

Many subscribers use both: APY for a small, guaranteed pension floor, and an NPS or SIP Calculator projection for additional market-linked retirement savings on top. The Retirement Calculator can help size the total corpus needed beyond the APY pension floor, and the PPF Calculator is a useful comparison for the safe, tax-free portion of a retirement plan.

How to Use This Atal Pension Yojana Calculator

The calculator shows your exact monthly contribution, years remaining, total outlay, and the corpus paid to your nominee, based directly on the official PFRDA chart.

Set your entry age: move the slider to your current age between 18 and 40.
Choose your pension slab: select Rs 1,000 to Rs 5,000 as the guaranteed monthly pension you want from age 60.
Adjust years already contributed: if you already hold an APY account, set how many years you have contributed to see your remaining tenure and remaining outlay.
Review your results: see the fixed monthly contribution, years remaining, total contribution, and the corpus paid to your nominee on death after 60.

Frequently Asked Questions

The calculator is a lookup table, not a formula. PFRDA fixes the exact monthly contribution for every combination of entry age (18 to 40) and desired monthly pension (Rs 1,000 to Rs 5,000) at age 60. Enter your age and target pension slab, and the calculator returns the fixed contribution amount from the official chart, along with years remaining and total amount you will pay until 60.

Disclaimer: All figures on this page are based on the official PFRDA Atal Pension Yojana contribution chart and are indicative only. Contribution amounts, penalty charges, and corpus figures are subject to change by PFRDA. The illustrative lifetime pension value shown in the donut chart assumes 20 years of payouts after age 60 and is not a guaranteed return projection. This calculator is for educational and planning purposes only and does not constitute financial advice. Consult a PFRDA-registered intermediary or your bank before opening an APY account.