APY Calculator

Calculate your APY.

Your joining age

Yrs
18 yrs
39 yrs

Desired Monthly Pension

₹1000
₹5000

Atal Pension Yojana (APY) Calculator?

Atal Pension Yojana (APY) is a national pension scheme aimed at employees of the unorganised sector. APY is also open to the individuals working in the private sector who do not have any kind of formal pension provision. It was introduced by the Government of India in the Union Budget of 2015-16 to encourage individuals to save small amounts of funds & reap the benefits once they retire, through a monthly income.

The APY calculator is based on two parameters – the age of the applying individual & the pension they want to receive after the age of 60 years. The individual can choose a pension of Rs. 1000, Rs. 2000, Rs. 3,000, Rs. 4000 or Rs. 5000. The APY formula will take this into account as well as your current age and based on that your contribution to the scheme is defined.

In the case of the death of the APY scheme contributor, the pension can be claimed by the spouse or the nominee. The Pensions Funds Regulatory Authority of India (PFRDA) manages all the funds that are collected through Atal Pension Yojana.

What is the Atal Pension Yojana (APY) calculator?

Atal Pension Yojana calculator is an online tool that is used to calculate the real returns an individual can expect if they are investing in the APY scheme. It is an instant result based calculator that assesses how much interest can be earned on the basis of two parameters:

  1. How much pension does the individual want to earn after retirement. This can range from a monthly income of Rs. 1,000 to Rs. 5,000.
  2. The applicant’s age.

These two parameters are used to calculate the contribution that the individual is going to make and the interest he will then earn on it.

For example, Ms. Prachi is 30 years old. She wants to have a fixed pension of Rs. 5,000 per month once she is 60 years old. Now, in order to calculate her monthly investment & the period of time she will have to invest for, she will first input her age into the calculator – 30 years. She will then input the Rs. 5,000 she wants to receive in her Desired Monthly Pension and simply click calculate. Upstox’s APY calculator formula will compute the result, making her monthly investment Rs. 577 for a period of 30 years, making the total contribution she makes Rs. 2,07,720.

How does the APY calculator work?

Atal Pension Yojana calculator is used by investors to depict the approximate pension as well as the lump sum funds that they can expect upon maturity or at the age of 60 years. This is based on regular monthly contributions, a percentage of corpus reinvested for the purchase of annuities and the returns on it.

To use the calculator, there are only two steps to follow:

Step 1: Select your age

Step 2: Choose your required pension amount, upto a maximum of Desired Monthly Returns of Rs. 5,000

The calculator will then instantly show you:

  1. Your monthly investment
  2. The duration of investment
  3. The total investment amount

The calculator does this based on primarily two values – Interest & Compound Frequency. The greater the APY value, the better the offer. For example:

If the annual interest rate is 1%, the APY is 1%.

If the interest rate is 0.75% compounded quarterly, APY is 0.702%.

If the interest rate is 0.5% compounded daily, APY is 0.501%.

Of all three examples, the first option, with the highest APY is the best offer.

What is the APY formula?

APY calculator formula is based solely on two values:

r – Interest Rate

n – Number of times interest is compounded per year

APY formula:

APY = (1 + r / n) n – 1

The higher the APY percentage, the better the investment deal.

What are the benefits of using the APY calculator?

Atal Pension Yojana (APY) was introduced with the intention to provide a fixed monthly income between Rs. 1,000 & Rs. 5,000 to all those citizens of India who belong to the unorganised sector or do not have the provision of any formal pension coverage. All subscribers are eligible in between the ages of 18 – 40 years. The monthly income is decided upon their contribution. The Government of India co-contributes 50% of the contribution or Rs. 1,000 per annum, whichever is lower. This benefit is guaranteed by the Government of India.

The calculator – Atal pension Yojana is very beneficial because:

  1. It lets one calculate the final outcome estimation & right period of investment. This in turn helps align your financial goals and your chosen pension scheme.
  2. It helps in avoiding manual mistakes & gives an instantaneous estimate without needing to seek assistance.
  3. It helps you determine the outcome and thus, effectiveness of your investment.
  4. You can customise data as per your preferences.

What is the difference between APY and Interest rate?

Interest Rate:

Interest rate is the amount by which your investment will grow over a defined period of time. The time can be a week, a month or a year. You can compare this rise to past growth in your investment, but it may vary.

APY (Annual Percentage Yield):

Similar to interest rate, the APY is also the amount by which your investment will grow over time, but it is a very precise metric that is always calculated over the period of a year & takes compounding into account.

Atal Pension Yojana Calculator Chart

Atal Pension Yojana calculation charts depict the monthly amounts one has to contribute as per their entry age & choice of desired monthly income. These amounts are only indicative and are subject to change. This pension is payable to the pension holder, their spouse or their nominee.

Atal Pension Yojana Calculation Chart for desired monthly income of Rs. 1,000

Entry Age Years of Contribution Monthly Contribution Return to the nominee
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

 

Atal Pension Yojana Calculation Chart for desired monthly income of Rs. 2,000

 

Entry Age Years of Contribution Monthly Contribution Return to the nominee
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

 

Atal Pension Yojana Calculation Chart for desired monthly income of Rs. 3,000

 

Entry Age Years of Contribution Monthly Contribution Return to the nominee
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

 

Atal Pension Yojana Calculation Chart for desired monthly income of Rs. 4,000

 

Entry Age Years of Contribution Monthly Contribution Return to the nominee
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

 

Atal Pension Yojana Calculation Chart for desired monthly income of Rs. 5,000

 

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

 

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

Why is Upstox the best Atal Pension Yojana calculator online?

Upstox is committed to providing a seamless experience when it comes to your finances. Our calculator is built with the best user interface, making it easy to use, speedy & comfortable. The Atal Pension calculator is designed to help you align your financial goals & current investments.

Frequently Asked Questions

How do I calculate APY?

You can calculate Atal Pension Yojana (APY) through Upstox. Simply follow these two steps:

Step 1: Select your age

Step 2: Choose your required pension amount, upto a maximum of Desired Monthly Returns of Rs. 5,000

The calculator will then instantly show you:

  1. Your monthly investment
  2. The duration of investment
  3. The total investment amount

You can also simply use the Atal Pension Yojana Calculation Charts provided above.

Does APY pay monthly?

Yes, Atal Pension Yojana is designed to pay monthly amounts of Rs. 1,000 to Rs. 5,000 as per the contributions made by the subscriber. The payments start at the age of 60 years. In the case of the death of the subscriber, the spouse or nominee can claim the pension.

Why should I use the Atal Pension Yojana calculator?

Use the Atal Pension Yojana calculator to determine whether this is the right scheme for you. You can select the age you plan to invest at, the monthly income you desire post the age of 60 years, once you retire and hence, how much contribution you may have to make on a monthly basis. The Government of India co-contributes 50% of the contribution or Rs. 1,000 per annum, whichever is the smaller amount. Atal Pension calculator will help you calculate the final outcome of your investment & the interest benefit you may earn.

How can the Atal Pension Yojana calculator help you?

The APY calculator helps you to:

  1. Determine the right period of investment (age)
  2. Determine the outcome of investment (Interest Earned)
  3. Align your financial goals & investments schemes
  4. Calculate monthly contribution amount as per the above

Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.

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