The contribution made towards the Atal Pension Yojana Scheme depends on the amount of pension you want to receive after retirement and at what age you are subscribing to the scheme. The Atal Pension Yojana Calculator is a financial tool, which can be used to calculate the returns.
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Launched by the government of India, the main objective of the scheme is to provide a regular income to the individuals post their retirement i.e after 60 years of age. Under Atal Pension Yojana the subscribers can choose for a fixed monthly pension. The different options of fixed monthly pension available are Rs.1,000, Rs.2,000, Rs.4,000 & Rs.5,0000.
If Atal Pension Yojana subscriber picks to receive a fixed pension on a monthly basis of Rs. 1000, then the sum that will be debited from the bank account of the subscriber will be between Rs. 42 and Rs. 291. After the demise of the subscriber and the spouse, the nominee comes in force to receive Rs. 1, 70, 000 according to the calculation plan of Atal Pension Yojana.
| Joining Age (Years) | Contribution Period (Years) | Monthly Contribution (INR) | Fixed Monthly Pension to Subscriber/Spouse (INR) | Return of Corpus to the nominee (INR) |
| 18 | 42 | 42.00 | 1,000 | 1.7 Lakh |
| 20 | 40 | 50.00 | 1,000 | 1.7 Lakh |
| 25 | 35 | 76.00 | 1,000 | 1.7 Lakh |
| 30 | 30 | 116.00 | 1,000 | 1.7 Lakh |
| 35 | 25 | 181.00 | 1,000 | 1.7 Lakh |
| 40 | 20 | 291.00 | 1,000 | 1.7 Lakh |
If Atal Pension Yojana subscriber picks to receive a fixed pension on a monthly basis of Rs. 2000, then the sum that will be debited from the bank account of the subscriber will be between Rs. 84 and Rs. 582. After the demise of the subscriber and the spouse, the nominee comes in force to receive Rs. 3, 40, 000 according to the calculation plan of Atal Pension Yojana.
| Joining Age (Years) | Contribution Period (Years) | Monthly Contribution (INR) | Fixed Monthly Pension to Subscriber/Spouse (INR) | Return of Corpus to the nominee (INR) |
| 18 | 42 | 84.00 | 2,000 | 3.4 Lakh |
| 20 | 40 | 100.00 | 2,000 | 3.4 Lakh |
| 25 | 35 | 151.00 | 2,000 | 3.4 Lakh |
| 30 | 30 | 231.00 | 2,000 | 3.4 Lakh |
| 35 | 25 | 362.00 | 2,000 | 3.4 Lakh |
| 40 | 20 | 582.00 | 2,000 | 3.4 Lakh |
If Atal Pension Yojana subscriber picks to receive a fixed pension on a monthly basis of Rs. 3000, then the sum that will be debited from the bank account of the subscriber will be between Rs. 126 and Rs. 873. After the demise of the subscriber and the spouse, the nominee comes in force to receive Rs. 5, 10, 000 according to the calculation plan of Atal Pension Yojana.
| Joining Age (Years) | Contribution Period (Years) | Monthly Contribution (INR) | Fixed Monthly Pension to Subscriber/Spouse (INR) | Return of Corpus to the nominee (INR) |
| 18 | 42 | 126.00 | 3,000 | 5.1 Lakh |
| 20 | 40 | 150.00 | 3,000 | 5.1 Lakh |
| 25 | 35 | 226.00 | 3,000 | 5.1 Lakh |
| 30 | 30 | 347.00 | 3,000 | 5.1 Lakh |
| 35 | 25 | 543.00 | 3,000 | 5.1 Lakh |
| 40 | 20 | 873.00 | 3,000 | 5.1 Lakh |
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If Atal Pension Yojana subscriber picks to receive a fixed pension on a monthly basis of Rs. 4000, then the sum that will be debited from the bank account of the subscriber will be between Rs. 168 and Rs. 1164. After the demise of the subscriber and the spouse, the nominee comes in force to receive Rs. 6, 80, 000 according to the calculation plan of Atal Pension Yojana.
| Joining Age (Years) | Contribution Period (Years) | Monthly Contribution (INR) | Fixed Monthly Pension to Subscriber/Spouse (INR) | Return of Corpus to the nominee (INR) |
| 18 | 42 | 168.00 | 4,000 | 6.8 Lakh |
| 20 | 40 | 198.00 | 4,000 | 6.8 Lakh |
| 25 | 35 | 301.00 | 4,000 | 6.8 Lakh |
| 30 | 30 | 462.00 | 4,000 | 6.8 Lakh |
| 35 | 25 | 722.00 | 4,000 | 6.8 Lakh |
| 40 | 20 | 1164.00 | 4,000 | 6.8 Lakh |
If Atal Pension Yojana subscriber picks to receive a fixed pension on a monthly basis of Rs. 5000, then the sum that will be debited from the bank account of the subscriber will be between Rs. 210 and Rs. 1454. After the demise of the subscriber and the spouse, the nominee comes in force to receive Rs. 6, 80, 000 according to the calculation plan of Atal Pension Yojana.
| Joining Age (Years) | Contribution Period (Years) | Monthly Contribution (INR) | Fixed Monthly Pension to Subscriber/Spouse (INR) | Return of Corpus to the nominee (INR) |
| 18 | 42 | 210.00 | 5,000 | 8.5 Lakh |
| 20 | 40 | 248.00 | 5,000 | 8.5 Lakh |
| 25 | 35 | 376.00 | 5,000 | 8.5 Lakh |
| 30 | 30 | 577.00 | 5,000 | 8.5 Lakh |
| 35 | 25 | 902.00 | 5,000 | 8.5 Lakh |
| 40 | 20 | 1454.00 | 5,000 | 8.5 Lakh |
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The subscribers of Atal Pension Yojana have to abide by additional charges, overdue interest for non-payments, and delayed payments of the amount of monthly contribution, from time to time. Such charges will be imposed and applied as per the norms of the PERDA (Pension Fund Regulatory and Development Authority), with permission from the Indian Government.
| Intermediary | Charges | |
| Point of Presence | APY Subscriber Registration | Rs. 120-Rs. 150 depending on the number of subscribers |
| Recurring Charges per annum | Rs. 100/subscriber | |
| Central Record-keeping Agencies | APY Account opening charges | Rs. 15/account |
| Account Maintenance Charges | Rs. 40/account/annum | |
| Custodian | InvestmentMaintenance Fee (per annum) | 0.0075% for electronics/0.05% for physical segment of AUM |
| Pension Fund Managers | Investment Maintenance Fee (per annum) | 0.0102% of AUM |
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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