APY Calculator
Calculate your Atal Pension Yojana corpus and guaranteed pension.
Entry Age
Monthly Pension
Results
Guaranteed Monthly Pension
₹5,000
For life — government guaranteed
Monthly contribution
₹577
Total contributions
₹2.08 L
Guaranteed corpus at age 60 (returned to nominee on death)
₹8.50 L
APY benefit on spouse's death
On the subscriber's death, the spouse continues to receive the pension. On the spouse's death, the nominee receives the full guaranteed corpus of ₹8.50 L.
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What is APY and who should invest in it?
Atal Pension Yojana (APY) is a government-backed defined-benefit pension scheme launched in 2015 under the Pradhan Mantri Jan Dhan Yojana umbrella. It is designed for workers in the unorganised sector — daily wage workers, gig workers, domestic helpers, and self-employed individuals who do not have access to EPF or NPS through an employer. Any Indian citizen aged 18–40 with a savings bank account can join APY.
The key feature of APY is its guaranteed pension — the government guarantees a fixed monthly pension of ₹1,000 to ₹5,000 starting at age 60, regardless of market performance. The contribution amount depends on your entry age and chosen pension level: the younger you join, the smaller the monthly contribution required. Joining at 18 for ₹5,000/month pension requires just ₹210/month, whereas joining at 40 requires ₹1,454/month for the same pension.
APY also comes with death and spouse benefits. If the subscriber dies before 60, the spouse can continue the account and receive pension at 60, or exit and get the corpus. If the subscriber dies after 60, the spouse receives the same pension for life. On both their deaths, the nominee receives the guaranteed corpus. Until March 2022, the government also co-contributed 50% of contributions (up to ₹1,000/year) for eligible subscribers — check with your bank if this applies to you.