New Pension Yojana vs. Atal Pension Yojana

Both Atal Pension Yojana (APY) and New Pension Yojana (NPY) offer post retirement financial security. However, there are some differences between both the plans which one needs to understand to make a smart investment.

Read more
Best Pension Options
  • Get Tax Free Pension For Life

  • Flexibility to withdraw fund value any time

  • Guaranteed Tax Savings

    Under Sec 80 C & 10(10D)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000

Get the best returns & make the most of your Golden years

View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
Parameters New Pension Scheme Atal Pension Yojana
Age of Joining 18-60 years 18-40 years
Who can join? All Indian citizens (both resident or non-resident) Only resident Indians
Pension slabs No fixed slab 5 slabs -  Rs 1000; Rs 2000; Rs 3000; Rs 4000; and Rs 5000 per month
Types of Accounts Holder has two accounts: Tier 1 and Tier 2 No differentiation
Premature Withdrawal In tier 2 account, there is no restriction and money can be withdrawn at any time. However in tier 1, premature withdrawal is allowed up to certain conditions No premature withdrawal, except in death or critical illness
Government Contribution No contribution The govt. contributes maximum Rs 1000 if the account is opened before 31st December.
Tax Benefit Tax benefit is available only in Tier 1 account No tax benefit
Who manages it? It is managed by PFRDA It is administrated by the PFRDA/Government
Permanent Account Number The account holder gets the unique Permanent Retirement Account Number (PRAN), which can be used to manage NPS around the world No such facility is available
Where to open an account? An account can be opened at Point of Presence (POP) branch. You can also open it online through providers such as ICICI Direct. Approach the bank where you have a saving account
Fund managers
  • Six pension fund managers:
  • HDFC Pension Management Company
  • ICICI Pension Fund Management Company
  • Kotak Mahindra Pension Fund
  • LIC Pension Plan Fund
  • Reliance Capital Pension Fund
  • SBI Pension Funds
  • UTI Retirement Solutions
No option to choose fund manager
Nomination Facility Although nomination is not mandatory but you can nominate maximum 3 members Nomination is mandatory
Toll free number 1-800-222080 1800-180-1111 / 1800-110-001 1800-180-1111 / 1800-110-001
Best Endowment Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Retirement Plans
Monthly Pension Plans
Higher Returns Than Fixed Deposit
Retirement Calculator
Retirement Calculator
How much do you need to save for retirement?
₹ 20,000
₹ 25,000
₹ 30,000
Monthly Expenses in 2022
Edit Done
Your expense go up every year by
Today 2022 Your expenses today in 2022, at the age of 34 Yrs
Your expenses in 2043, at the age of 55 Yrs
For a monthly pension of ₹77,300
you need to invest
Calculated as per past performance of 15%
View Plan Recalculate?

Pension plans articles

Recent Articles
Popular Articles
18 से 40 वर्ष पेंशन योजना

23 Jun 2022

दोस्तों जैसा की हम जानते...
Read more
Best Pension Plans in Hindi - पेंशन योजनाएं

21 Jun 2022

पेंशन प्लान्स को...
Read more
Retirement के बाद 50000 रुपये मासिक पेंशन कैसे प्राप्त करें!

21 Jun 2022

हर व्यक्ति रिटायरमेंट...
Read more
अटल पेंशन योजना क्या है ?

17 Jun 2022

अटल पेंशन योजना भारत...
Read more
How to Get a 50K Pension Per Month?

15 Jun 2022

Retirement planning should form an essential part of your...
Read more
National Pension Scheme (NPS) – Govt Approved Pension Scheme
National Pension Scheme (NPS) is an investment cum pension plan launched by the Indian Government. This scheme is...
Read more
NPS Calculator - National Pension Scheme Calculator Online
National Pension Scheme Calculator is an online tool, which allows the individual to calculate the estimated...
Read more
Post Office NPS Calculator 2022
National Pension System is a scheme launched by the Government of India that offers stability to all Indian...
Read more
Top Pension Plans in India
Pension plans are one of the most sought-after investment options that have gained huge popularity over the...
Read more
LIC Senior Citizen Pension Scheme
Post demonetization the banks are cutting down the interest rates on fixed deposits. Hence, to safeguard the...
Read more
Download the Policybazaar app
to manage all your insurance needs.