NPS (National Pension System) Calculator

Enter Your Contribution to NPS

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Year Wise Details and Estimated Growth of Retirement Corpus

Age Opening Balance Emp. Contr.
TIER I		 Empr. Contr.
TIER I		 Emp. Contr.
TIER II		 Total
Contributions		 Yearly NPS
Return		 NPS Wealth
Balance

Disclaimer: The above calculations are indicative or estimated values on the basis of your inputs / projections Expected Rate of Return.

Some Important point of NPS

In case of Central Govt Employees / State Government Employees / Corporate Sector Employees - The monthly contribution amount would be 10% of the salary and dearness allowance (DA) to be paid by the employee and matching contribution by employer. The contributions and investments would be deposited in the Tier I of PRAN.

NPS rule: Minimum 40% of the Pension Wealth to be kept invested in life annuity on retirement

There is no fixed monthly pension or a guaranteed pension amount under NPS. Pension Wealth will vary depending on various factors like investment duration, returns on asset classes, retirement age, etc. Monthly pension amount will depend on the annuity plan you choose at the time of retirement/exit from NPS.

Types of annuities providing for monthly pension available to the subscribers of NPS are :-

  1. Pension (Annuity) payable for life at a uniform rate to the annuitant only.
  2. Pension (Annuity) payable for 5, 10, 15 or 20 years certain and thereafter as long as you are alive.
  3. Pension (Annuity) for life with return of purchase price on death of the annuitant (Policyholder).
  4. Pension (Annuity) payable for life increasing at a simple rate of 3% p.a.
  5. Pension (Annuity) for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  6. Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  7. Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant and with return of purchase price on death of the spouse. If the spouse predeceases the annuitant, payment of annuity will cease after the death of the annuitant and purchase price is paid to the nominee.

A subscriber can not change the annuity service provider, once selected

In case of death of subscriber opted annuity, the annuity plan depends on the kind of annuity plan opted by the subscriber. For an example, if the annuity plan is joint life annuity plan, on death of subscriber, the spouse will get the annuity till he / she is alive.

In case of death of the subscriber, check the annuity plan opted by the subscriber and exercise accordingly.

Disclaimer: The above calculations are indicative or estimated values only and not on actual basis.

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