How to get Rs 1,000-Rs 5,000 monthly pension under Atal Pension Yojana

Pension Fund Regulatory and Development Authority-regulated Atal Pension Yojana (APY) is a government-backed social security scheme designed to help citizens get a guaranteed monthly pension after retirement. Investors in APY can get up to Rs 5,000 monthly pension after the retirement age of 60.

APY is open to all citizens of India who have savings bank accounts. The minimum age to join APY is 18 years and the maximum is 40 years. From October 1, 2022, any citizen who is or has been an income taxpayer, is not eligible to join APY.

To join APY, you need to be at least 18 years old, and the upper limit to join the scheme is 40 years. You exit the APY scheme and start receiving pension at 60 years of age. The amount you contribute to APY depends on how old you are when you sign up. Basically, the older you are at the time of joining the scheme, the more you need to contribute each month.

ET Wealth Online is sharing the monthly APY contribution amounts needed to get Rs 1,000-Rs 5,000 monthly APY pension for subscribers aged 18, 20, 25, 30, 35 and 40 years. They need to make these monthly contributions till the age of 60 years.

Monthly APY contributions needed to get Rs 1,000/month pension at retirement for subscribers aged 18-40 years:

18 years: Vesting period 42 years — Contribution Rs 42/month
20 years: Vesting period 40 years — Contribution Rs 50/month
25 years: Vesting period 35 years — Contribution Rs 76/month
30 years: Vesting period 30 years — Contribution Rs 116/month
35 years: Vesting period 25 years — Contribution Rs 181/month
40 years: Vesting period 20 years — Contribution Rs 291/month

Monthly APY contributions required to get Rs 2,000/month pension at retirement for subscribers aged 18-40 years

18 years: Vesting period 42 years — Contribution Rs 84/month
20 years: Vesting period 40 years — Contribution Rs 100/month
25 years: Vesting period 35 years — Contribution Rs 151/month
30 years: Vesting period 30 years — Contribution Rs 231/month
35 years: Vesting period 25 years — Contribution Rs 362/month
40 years: Vesting period 20 years — Contribution Rs 582/month

Monthly APY contributions required to get Rs 3,000/month pension at retirement for subscribers aged 18-40 years

18 years: Vesting period 42 years — Contribution Rs 126/month
20 years: Vesting period 40 years — Contribution Rs 150/month
25 years: Vesting period 35 years — Contribution Rs 226/month
30 years: Vesting period 30 years — Contribution Rs 347/month
35 years: Vesting period 25 years — Contribution Rs 543/month
40 years: Vesting period 20 years — Contribution Rs 873/month

Monthly APY contributions required to get Rs 4,000/month pension at retirement for subscribers aged 18-40 years

18 years: Vesting period 42 years — Contribution Rs 168/month
20 years: Vesting period 40 years — Contribution Rs 198/month
25 years: Vesting period 35 years — Contribution Rs 301/month
30 years: Vesting period 30 years — Contribution Rs 462/month
35 years: Vesting period 25 years — Contribution Rs 722/month
40 years: Vesting period 20 years — Contribution Rs 1,164/month

Monthly APY contributions required to get Rs 5,000/month pension at retirement for subscribers aged 18-40 years

18 years: Vesting period 42 years — Contribution Rs 210/month
20 years: Vesting period 40 years — Contribution Rs 248/month
25 years: Vesting period 35 years — Contribution Rs 376/month
30 years: Vesting period 30 years — Contribution Rs 577/month
35 years: Vesting period 25 years — Contribution Rs 902/month
40 years: Vesting period 20 years — Contribution Rs 1,454/month