Loading calculator…
Loading calculator…
Find out how much you need to contribute monthly to secure a guaranteed government pension for life after age 60.
Contribution Tenure
If eligible, you will have to pay for 35 years until you reach the retirement age of 60.
Your Monthly Contribution Need
₹1,93,620
Paid over 35 years
₹8,50,000
Given to nominee upon death of both spouses
APY is a guaranteed pension scheme administered by PFRDA and Government of India, focused primarily on the unorganized sector to provide income security during old age.
Any Indian citizen between the ages of 18 and 40 with a savings bank account/post office savings account is eligible to join. After Oct 1, 2022, income tax payers are not eligible to join.
Subscribers can choose a guaranteed monthly pension of ₹1,000, ₹2,000, ₹3,000, ₹4,000, or ₹5,000, starting from the age of 60.
If the subscriber dies, the same pension is paid to the spouse. If both the subscriber and spouse die, the accumulated pension wealth (corpus) is returned to the nominee.
You have to pay until you reach the age of 60. The earlier you start, the smaller your monthly contributions will be!