Atal Pension Yojana (APY) Calculator
Current Age: 0 Years
Contribution Period: 0 Years
Estimated Monthly Contribution: ₹0
Guaranteed Pension After 60: ₹0
What is Atal Pension Yojana (APY)?
Atal Pension Yojana (APY) is a Government of India pension scheme launched to provide guaranteed monthly pension after retirement. The scheme is primarily designed for workers in the unorganized sector and helps individuals build retirement income through regular contributions.
Eligibility
- Indian citizens aged between 18 and 40 years.
- Must have a savings bank account.
- Contributions continue until the age of 60 years.
Guaranteed Pension Options
- ₹1,000 per month
- ₹2,000 per month
- ₹3,000 per month
- ₹4,000 per month
- ₹5,000 per month
Key Features
- Government-backed pension scheme.
- Guaranteed monthly pension after age 60.
- Low contribution amount when started at a younger age.
- Automatic deduction from bank account.
- Nominee benefits available.
- Spouse can continue the scheme in certain situations.
How APY Works?
- You join the scheme between ages 18 and 40.
- You select your desired pension amount.
- You contribute monthly until age 60.
- After turning 60, you receive a guaranteed monthly pension.
Why Invest in APY?
- Provides financial security after retirement.
- Government guarantee reduces investment risk.
- Affordable monthly contributions.
- Suitable for long-term retirement planning.