Inputs
Formula used
This tool references the official APY contribution chart to determine the monthly contribution based on age at entry and target pension (₹1,000–₹5,000).
- Years of contribution = 60 − age at entry.
- Periodic contribution = monthly × (1 for monthly, 3 for quarterly, 6 for half‑yearly).
- Total contributed till age 60 = monthly × 12 × years of contribution.
- Indicative corpus at 60 is per PFRDA’s APY grid for each pension slab.
Important: Numbers are indicative from publicly available APY charts and rounded to nearest rupee. Actual debits or penalties, if any, are as per your bank’s APY handling and prevailing rules.
How to use
- Enter your current age between 18 and 40.
- Choose the pension you want to receive from age 60.
- Select how often the bank should debit your contribution.
- Click Calculate to see monthly amount, totals and a chart.
- Use Download CSV or Download PDF to save your plan.
Results
Example data table
Monthly contribution by age for each pension target (extract from the grid; explore more via CSV/PDF export).
| Age | Years | ₹1,000 | ₹2,000 | ₹3,000 | ₹4,000 | ₹5,000 |
|---|
Source: APY contribution chart; amounts in Indian Rupees per month.
FAQs
1) Who can join and when does the pension start?
Any Indian citizen aged 18 to 40 can join. Pension starts from age 60 as per scheme rules.
2) Can I pay monthly or less frequently?
Yes. Contributions are auto‑debited monthly; quarterly or half‑yearly options are also available through your bank.
3) What if I pay late?
Banks levy overdue interest for delayed contributions (for example ₹1 on dues up to ₹100, ₹2 for ₹101–₹500, ₹5 for ₹501–₹1000, and ₹10 for more than ₹1000). Overdue interest typically remains part of your pension corpus.
4) Can I change the pension amount later?
Yes. You may increase or decrease the chosen pension slab once in a financial year during the accumulation phase; the contribution will be recalculated based on your then‑age.
5) Are there any important eligibility notes?
From 1 October 2022, new enrollments by income‑tax payers are not permitted; this does not impact those who joined before that date.
Disclaimer: This is an educational illustration using the official APY contribution grid. For enrollment, switching slabs, penalties or exits, please refer to your bank and official circulars.