Atal Pension Yojana (APY) is retirement pension scheme initiated by government of india in 2015. DailyTool has created easy to use tool which will help users to estimate how much savings required for target pension amount.
APY Monthly Investment Calculator
How to use Atal Pension Yojana (APY) Calculator?
Atal Pension Yojana (APY) is created by focusing all Citizen of India, especially those in the unorganised sector, who do not have any formal pension provision. This scheme encourages these workers to save retirement corpus.
Atal Pension Yojana (APY) have different investment options depending on individual's age and how much pension he want to get after 60 year. So keeping these parameters in mind DailyTool has designed Atal Pension Yojana (APY) Calculator.
To calculate your monthly investment in favour of atal pension yojana, you have to select your age of joining, and what is your desired monthly pension.
Let's take an example to further simplification. Mr. Rajan being 30 year old desires to have fixed pension of 5000 rupees once he is 60 years old. In order to calculate monthly investment and no of years he has to contribute, Mr. Rajan has to select Age Of Joining as "30 years" and Desired Monthly Pension as "5000", and need to perform calculation. And that's all, DailyTool's Atal Pension Yojana (APY) Calculator will give results. Which are monthly investment being 210 rupees, years of contribution being 42 years, and total contribution being 1,05,840 rupees.