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    NPS Calculator for Central / State Govt. & Banks / PSU Employees

    NPS Calculator -All citizens Model

    It auto compute employer's matching contribution to calculate Retirement Wealth and Monthly Pension with NPS Return including on your contribution in TIER II A/c also

    This calculator is quite useful to the employees of Govt. (Central / State) and Corporate Sectors who are are covered under NPS. Bankers i.e.the employees of Banks and other PSU covered under NPS scheme are governed under the Corporate Sector NPS Scheme.

    The detailed estimated yearwise calculations of return and NPS wealth provided here on your your contribution in TIER 1 and TIER 2 account may help in your future and retirement planning by increase of contributions in Tier II account or start of fresh contributions in Tier II account.

    How to use Calculator - Enter your NPS contribution from Salary (Salary Linked NPS A/c is TIER I where your employer is contributing matching contribution to this NPS a/c) ↦ Enter estimated rate of growth of yearly increase in your (baisc pay + DA) for the future period contributions. ↦ Enter expected rate of return on NPS, percentage of Annuity to be purchased and expected return on Annuity.

    Employee's Total Contribution in Year Employer's Matching Contribution in Year Tier II A/c Contribution in a Year Total Contribution To NPS during Year Addtion to Pension Wealth during the year Pension Wealth on Retirement / Year End

    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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