Find out how much you need to contribute monthly for a guaranteed pension of Rs 1,000–5,000 per month after age 60.
About APY: Government of India pension scheme for unorganized sector workers aged 18-40. Guaranteed pension: Rs 1,000 to Rs 5,000/month after age 60. Contribution depends on entry age and chosen pension amount.
What is Atal Pension Yojana?
APY is a government-backed pension scheme launched in 2015 for workers in the unorganized sector. It guarantees a fixed monthly pension of Rs 1,000 to Rs 5,000 after the subscriber turns 60, with the contribution amount depending on the entry age.
Key Features
Eligibility: Indian citizens aged 18-40 with a savings bank account
Vesting Period: Minimum 20 years of contribution
Pension to Spouse: Same pension amount after subscriber's death
Return of Corpus: Nominee receives the accumulated corpus after both deaths