Atal Pension Yojana (APY)
Find out how much you need to contribute monthly to secure a guaranteed government pension for life after age 60.
Subscriber Details
Contribution Tenure
If eligible, you will have to pay for 35 years until you reach the retirement age of 60.
Your Monthly Contribution Need
₹461
/ MONTHTotal Estimated Outlay
₹1,93,620
Paid over 35 years
Nominee Corpus Return
₹8,50,000
Given to nominee upon death of both spouses
Frequently Asked Questions
What is Atal Pension Yojana (APY)?
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.
Who is eligible?
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.
What are the pension slabs?
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.
What happens if the subscriber dies?
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.
How long do I have to pay?
You have to pay until you reach the age of 60. The earlier you start, the smaller your monthly contributions will be!