How do you calculate the premium for Atal Pension Yojana using the Atal Pension Yojana Calculator?

You may use the Atal Pension Yojana calculator to understand the premium calculation.

The premium amount depends on the following key factors:

• Age of the subscriber at the time of joining APY
• Pension amount chosen
• Frequency of contribution - monthly, quarterly or half-yearly
• Pension commencement age

APY follows an age-based contribution table provided by PFRDA.

Here’s how your contribution for the Atal Pension Yojana (APY) is calculated:

• You may use the official Atal Pension Yojana Calculator on the NPS Trust website (https://npstrust.org.in/apy-calculator).
• The amount you need to pay depends mainly on your age at joining, pension amount chosen (₹1,000 to ₹5,000 per month), and contribution frequency (monthly, quarterly, or half-yearly).
• The younger you join, the lower your monthly contribution for the same pension amount.

To understand your premium, the PFRDA provides a pre-set contribution chart.

• You simply select your age and desired pension, and the calculator gives you the exact amount to pay.
• For example, a 30-year-old choosing a ₹2,000 pension will see a monthly contribution of around ₹116, as displayed by the chart or calculator.