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How much pension will be received in Atal Pension after 60 years? Learn details

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Atal Pension Yojana is a good option to guarantee pension in low investment. Currently, under the Atal Pension Yojana, the government guarantees a pension of 1000 to 5000 rupees after 60 years and a person up to the age of 40 years can apply for the Atal Pension Yojana. Let us know how you can take advantage of the Atal Pension Yojana as per the current rules.


60,000 rupees pension annually

The objective of the Atal Pension Yojana is to bring every section of the pension under its purview. However, the Pension Fund Regulatory and Development Authority (PFRDA) has recommended the government to increase the maximum age under the Atal Pension Yojana (APY). Under the scheme, after making a fixed contribution to the account every month, after retirement, you will get a pension ranging from Rs.1000 to Rs.5000 monthly. After investing 60 rupees every 6 months, after the age of 60 years, the government is giving a guarantee of a lifetime pension of 5000 rupees per month or 60,000 rupees annually.

210 rupees to be paid every month

According to the current rules, if at the age of 18, a maximum of 5 thousand rupees are added to the scheme for monthly pension, then you will have to pay 210 rupees every month. If you give this money every three months, then you will have to pay Rs 626 and if you give it in six months, then you will have to pay Rs 1,239. If you invest at the age of 18 to get a pension of Rs 1,000 a month, then you have to pay 42 rupees monthly.

You will get more benefits by joining at a young age

Suppose if you join at the age of 35 for 5 thousand pensions, then for every 5 months for 25 years, you will have to deposit Rs 5,323. In this case, your total investment will be Rs 2.66 lakh, on which you will get a monthly pension of Rs 5 thousand. Whereas on joining at the age of 18, your total investment will be only 1.04 lakh rupees. That is, about 1.60 lakh rupees more will have to be invested for a single pension.

Other things related to the scheme 

– You can choose 3 types of plan for payment, monthly investment, quarterly investment or half-yearly investment.

– You have to invest this for 42 years.

– Your total investment in 42 years will be 1.04 lakh rupees.

In lieu of this, after 60 years, you will continue to get a pension of 5 thousand rupees every month for lifetime.

– The scheme is governed by the Pension Fund Regulatory and Development Authority through the National Pension Scheme.

Under Section 80CCD of Income Tax, there is a benefit of tax exemption.

– Only 1 account will be opened in the name of a member. Many banks have the facility to open an account.

Contribution amount will also be given by the government for the first 5 years.


– If the member dies before or after 60 years, the pension amount will be given to the wife.

– If both the member and the wife are killed then the government will give pension to the nominee.

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