# Atal Pension Yojana Calculator

The Atal Pension Yojana is a National Pension Scheme (NPS) that was introduced in the Union Budget of 2015-2016. The target demographic for this pension scheme is those who employed in the unorganised sector. It is also open to employees in the private sector who do not have pension benefits. On attaining the age of 60, an individual can choose to obtain a pension of either Rs.1,000, Rs.2,000, Rs.4,000, or Rs.5,000, depending on their contribution to the scheme and the age at which they started subscribing to the scheme. The pension can also be claimed by the spouse upon death of the contributor or by the nominee upon the death of both the contributor and spouse. The collected funds of the scheme are managed by the Pension Funds Regulatory Authority of India (PFRDA).

## Atal Pension Yojana Contribution Calculator

The big question when we hear about the Atal Pension Yojana Scheme is how much do I have to pay? Your contribution depends on two factors.

1. The amount of pension you want to receive.
2. The age at which you apply for this scheme.

If you join at the age of 18, your monthly premium will be much lesser. This is because you have to contribute towards the scheme for 42 years before you start receiving your pension. If you join at the age of 40, your premium will be significantly higher because you have only 21 years left to contribute towards the scheme. The lowest contribution for a Rs. 1,000 pension at the age of 18 is Rs. 42. The highest monthly premium of Rs. 1,454 will be incurred at the age of 40 if you opt to get the pension of Rs. 5,000.

## Atal Pension Yojana Calculation Tables

The Atal Pension Yojana calculation tables below indicate the monthly contribution amounts based on the entry age and the choice of pension amount. Note that these numbers are indicative and subject to changes. Depending on the number of years of contribution, your monthly premium will be determined. Therefore, joining at an early age will result in your premium being much lower. The pension is payable to the subscriber and the spouse.

## Calculation for an Atal Pension Yojana of Rs.1000

If you opt to receive a monthly pension of Rs.1,000, the amount that will be debited from your bank account will range between Rs.42 and Rs.264. In case of your death, your nominee will receive up to Rs.1.7 lakh from the Atal Pension Yojana Scheme.

18 yrs 42 yrs Rs.42 Rs.1.7 lakh
19 yrs 41 yrs Rs.46 Rs.1.7 lakh
20 yrs 40 yrs Rs.50 Rs.1.7 lakh
21 yrs 39 yrs Rs.54 Rs.1.7 lakh
22 yrs 38 yrs Rs.59 Rs.1.7 lakh
23 yrs 37 yrs Rs.64 Rs.1.7 lakh
24 yrs 36 yrs Rs.70 Rs.1.7 lakh
25 yrs 35 yrs Rs.76 Rs.1.7 lakh
26 yrs 34 yrs Rs.82 Rs.1.7 lakh
27 yrs 33 yrs Rs.90 Rs.1.7 lakh
28 yrs 32 yrs Rs.97 Rs.1.7 lakh
29 yrs 31 yrs Rs.106 Rs.1.7 lakh
30 yrs 30 yrs Rs.116 Rs.1.7 lakh
31 yrs 29 yrs Rs.126 Rs.1.7 lakh
32 yrs 28 yrs Rs.138 Rs.1.7 lakh
33 yrs 27 yrs Rs.151 Rs.1.7 lakh
34 yrs 26 yrs Rs.165 Rs.1.7 lakh
35 yrs 25 yrs Rs.181 Rs.1.7 lakh
36 yrs 24 yrs Rs.198 Rs.1.7 lakh
37 yrs 23 yrs Rs.218 Rs.1.7 lakh
38 yrs 22 yrs Rs.240 Rs.1.7 lakh
39 yrs 21 yrs Rs.264 Rs.1.7 lakh

## Calculation for an Atal Pension Yojana of Rs.2000

If you choose to receive a pension of Rs.2,000, then the contribution ranges between Rs.84 and Rs.528. Your nominee stands to receive up to Rs.3.4 lakh in case of your unfortunate death.

18 yrs 42 yrs Rs.84 Rs.3.4 lakh
19 yrs 41 yrs Rs.92 Rs.3.4 lakh
20 yrs 40 yrs Rs. 100 Rs.3.4 lakh
21 yrs 39 yrs Rs. 108 Rs.3.4 lakh
22 yrs 38 yrs Rs. 117 Rs.3.4 lakh
23 yrs 37 yrs Rs. 127 Rs.3.4 lakh
24 yrs 36 yrs Rs. 139 Rs.3.4 lakh
25 yrs 35 yrs Rs. 151 Rs.3.4 lakh
26 yrs 34 yrs Rs. 164 Rs.3.4 lakh
27 yrs 33 yrs Rs. 178 Rs.3.4 lakh
28 yrs 32 yrs Rs. 194 Rs.3.4 lakh
29 yrs 31 yrs Rs. 212 Rs.3.4 lakh
30 yrs 30 yrs Rs. 231 Rs.3.4 lakh
31 yrs 29 yrs Rs. 252 Rs.3.4 lakh
32 yrs 28 yrs Rs. 276 Rs.3.4 lakh
33 yrs 27 yrs Rs. 302 Rs.3.4 lakh
34 yrs 26 yrs Rs. 330 Rs.3.4 lakh
35 yrs 25 yrs Rs. 362 Rs.3.4 lakh
36 yrs 24 yrs Rs. 396 Rs.3.4 lakh
37 yrs 23 yrs Rs. 436 Rs.3.4 lakh
38 yrs 22 yrs Rs. 480 Rs.3.4 lakh
39 yrs 21 yrs Rs. 528 Rs.3.4 lakh

## Calculation for an Atal Pension Yojana of Rs.3000

For a pension of Rs. 3,000, the amount required as contribution ranges between Rs.126 and Rs.792 per month. At the age of 60, you will be entitled to a monthly fixed pension of Rs.3,000. In case of your death, your nominee will receive up to Rs.5.1 lakh.

18 yrs 42 yrs Rs. 126 Rs.5.1 lakh
19 yrs 41 yrs Rs. 138 Rs.5.1 lakh
20 yrs 40 yrs Rs. 150 Rs.5.1 lakh
21 yrs 39 yrs Rs. 162 Rs.5.1 lakh
22 yrs 38 yrs Rs. 177 Rs.5.1 lakh
23 yrs 37 yrs Rs. 192 Rs.5.1 lakh
24 yrs 36 yrs Rs. 208 Rs.5.1 lakh
25 yrs 35 yrs Rs. 226 Rs.5.1 lakh
26 yrs 34 yrs Rs. 246 Rs.5.1 lakh
27 yrs 33 yrs Rs. 268 Rs.5.1 lakh
28 yrs 32 yrs Rs. 292 Rs.5.1 lakh
29 yrs 31 yrs Rs. 318 Rs.5.1 lakh
30 yrs 30 yrs Rs. 347 Rs.5.1 lakh
31 yrs 29 yrs Rs. 379 Rs.5.1 lakh
32 yrs 28 yrs Rs. 414 Rs.5.1 lakh
33 yrs 27 yrs Rs. 453 Rs.5.1 lakh
34 yrs 26 yrs Rs. 495 Rs.5.1 lakh
35 yrs 25 yrs Rs. 543 Rs.5.1 lakh
36 yrs 24 yrs Rs. 594 Rs.5.1 lakh
37 yrs 23 yrs Rs. 654 Rs.5.1 lakh
38 yrs 22 yrs Rs. 720 Rs.5.1 lakh
39 yrs 21 yrs Rs. 792 Rs.5.1 lakh

## Calculation for an Atal Pension Yojana of Rs.4000

To receive a pension of Rs.4,000 from the Atal Pension Yojana APY, the contribution amount is between Rs.168 and Rs.1,054. Your nominee will get up to Rs.6.8 lakh in return in case of your death.

18 yrs 42 yrs Rs. 168 Rs.6.8 lakh
19 yrs 41 yrs Rs. 183 Rs.6.8 lakh
20 yrs 40 yrs Rs. 198 Rs.6.8 lakh
21 yrs 39 yrs Rs. 215 Rs.6.8 lakh
22 yrs 38 yrs Rs. 234 Rs.6.8 lakh
23 yrs 37 yrs Rs. 254 Rs.6.8 lakh
24 yrs 36 yrs Rs. 277 Rs.6.8 lakh
25 yrs 35 yrs Rs. 301 Rs.6.8 lakh
26 yrs 34 yrs Rs. 327 Rs.6.8 lakh
27 yrs 33 yrs Rs. 356 Rs.6.8 lakh
28 yrs 32 yrs Rs. 388 Rs.6.8 lakh
29 yrs 31 yrs Rs. 423 Rs.6.8 lakh
30 yrs 30 yrs Rs. 462 Rs.6.8 lakh
31 yrs 29 yrs Rs. 504 Rs.6.8 lakh
32 yrs 28 yrs Rs. 551 Rs.6.8 lakh
33 yrs 27 yrs Rs. 602 Rs.6.8 lakh
34 yrs 26 yrs Rs. 659 Rs.6.8 lakh
35 yrs 25 yrs Rs. 722 Rs.6.8 lakh
36 yrs 24 yrs Rs. 792 Rs.6.8 lakh
37 yrs 23 yrs Rs. 870 Rs.6.8 lakh
38 yrs 22 yrs Rs. 957 Rs.6.8 lakh
39 yrs 21 yrs Rs. 1,054 Rs.6.8 lakh

## Calculation for an Atal Pension Yojana of Rs.5000

Opting for a pension of Rs.5,000 will attract the highest rates of monthly premium. If you join at the age of 18, your premium will be Rs.210. At the age of 40, your premium will be Rs.1,318. Your nominee will be paid up to Rs.8.5 lakh.

Entry Age Years of Contribution Monthly Contribution (Rs.) Return to the nominee (Rs.)
18 yrs 42 yrs Rs. 210 Rs.8.5 lakh
19 yrs 41 yrs Rs. 228 Rs.8.5 lakh
20 yrs 40 yrs Rs. 248 Rs.8.5 lakh
21 yrs 39 yrs Rs. 269 Rs.8.5 lakh
22 yrs 38 yrs Rs. 292 Rs.8.5 lakh
23 yrs 37 yrs Rs. 318 Rs.8.5 lakh
24 yrs 36 yrs Rs. 346 Rs.8.5 lakh
25 yrs 35 yrs Rs. 376 Rs.8.5 lakh
26 yrs 34 yrs Rs. 409 Rs.8.5 lakh
27 yrs 33 yrs Rs. 446 Rs.8.5 lakh
28 yrs 32 yrs Rs. 485 Rs.8.5 lakh
29 yrs 31 yrs Rs. 529 Rs.8.5 lakh
30 yrs 30 yrs Rs. 577 Rs.8.5 lakh
31 yrs 29 yrs Rs. 630 Rs.8.5 lakh
32 yrs 28 yrs Rs. 689 Rs.8.5 lakh
33 yrs 27 yrs Rs. 752 Rs.8.5 lakh
34 yrs 26 yrs Rs. 824 Rs.8.5 lakh
35 yrs 25 yrs Rs. 902 Rs.8.5 lakh
36 yrs 24 yrs Rs. 990 Rs.8.5 lakh
37 yrs 23 yrs Rs. 1,087 Rs.8.5 lakh
38 yrs 22 yrs Rs. 1,196 Rs.8.5 lakh
39 yrs 21 yrs Rs. 1,318 Rs.8.5 lakh

## Contribution Range According to Age

According to your current age, you can see the amount you need to contribute towards the Atal Pension Yojana Scheme. Depending on your choice of pension amount, your premium will be determined.

Age Rs.1000 Rs.2000 Rs.3000 Rs.4000 Rs.5000
18 years Rs.42 Rs.84 Rs.126 Rs.168 Rs.210
19 years Rs.46 Rs.92 Rs.138 Rs.183 Rs.228
20 years Rs.50 Rs.100 Rs.150 Rs.198 Rs.248
21 years Rs.54 Rs.108 Rs.162 Rs.215 Rs.269
22 years Rs.59 Rs.117 Rs.177 Rs.234 Rs.292
23 years Rs.64 Rs.127 Rs.192 Rs.254 Rs.318
24 years Rs.70 Rs.139 Rs.208 Rs.277 Rs.346
25 years Rs.76 Rs.151 Rs.226 Rs.301 Rs.376
26 years Rs.82 Rs.164 Rs.246 Rs.327 Rs.409
27 years Rs.90 Rs.178 Rs.268 Rs.356 Rs.446
28 years Rs.97 Rs.194 Rs.292 Rs.388 Rs.485
29 years Rs.106 Rs.212 Rs.318 Rs.423 Rs.529
30 years Rs.116 Rs.231 Rs.347 Rs.462 Rs.577
31 years Rs.126 Rs.252 Rs.379 Rs.504 Rs.630
32 years Rs.138 Rs.276 Rs.414 Rs.551 Rs.689
33 years Rs.151 Rs.302 Rs.453 Rs.602 Rs.752
34 years Rs.165 Rs.330 Rs.495 Rs.659 Rs.824
35 years Rs.181 Rs.362 Rs.543 Rs.722 Rs.902
36 years Rs.198 Rs.396 Rs.594 Rs.792 Rs.990
37 years Rs.218 Rs.436 Rs.654 Rs.870 Rs.1,087
38 years Rs.240 Rs.480 Rs.720 Rs.957 Rs.1,196
39 years Rs.264 Rs.528 Rs.792 Rs.1,054 Rs.1,318

### Atal Pension Yojana Contribution Calculator FAQs

1. Where can I find Atal Pension Yojana (APY) calculator?
2. You can find APY calculators online. A basic google search will help you find that various financial bodies and third-party websites provide the APY calculator tool which you can use to calculate the pension you or any person will be eligible to get based on their contribution.

3. Will I have to pay any charges in order to use the calculator?
4. No, APY calculators are free to use and you would not be required to pay any charges to use the tool.

5. How can I open an APY account?
6. You can open an APY account by simply visiting the branch of the bank in which you hold a bank account and request for an APY application form. Fill the form and submit it along with necessary documents. Make sure you maintain the minimum balance in your account to open an APY account. If you meet the criteria, an APY account will be opened your name.

7. What will happen if I do not maintain the minimum balance in my bank account?
8. If you do not maintain the minimum balance in your bank account, then your APY account will get frozen after 6 months, deactivated after 1 year, and will be closed after 2 years.

9. I am a member of National Pension Scheme (NPS). Can I open an APY account?
10. You should not be a member of NPS or any similar Social Security Schemes in order to open an APY account. You should not be paying income tax in order to enjoy benefits provided by APY.

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