National Pension Scheme (NPS) Calculator

NPS previously known as National Pension Scheme is an initiative by the central government to give financial stability to the employees of private, public, and organized sectors.

Investment Per Month Rs.
Your Age Yrs
Expected Returns %
Total Investment 21,00,000
Interest Earned 1,12,05,201
Maturity Amount 1,33,05,201
Min Annuity Investment 53,22,080

What is NPS(National Pension Scheme)?

NPS previously known as National Pension Scheme is an initiative by the central government to give financial stability to the employees of private, public, and organized sectors. NPS scheme has enough potential value for the private sector’s employees who want a regular pension in the future after their retirement. This scheme was launched in January 2004 only for the government employees but later in 2009, it was allowed to all the citizens of India.

What is NPS Calculator?

NPS calculator is an online tool that enables an investor to get an accurate estimation of returns on the invested amount, gained wealth, and maturity amount of the whole investment. This amount is based on the investment made through the NPS account. This calculator assists individuals to evaluate the estimated amount that needs to be invested to achieve financial goals.

How to use the myitronline NPS calculator?

Follow the instructions mentioned below to use the NPS calculator.

  • Put the value of the amount you wish to invest periodically towards your retirement corpus in the NPS scheme.
  • Use the slider to fill out the years of your age.
  • In the third column, You need to put the expected rate of return.

Myitronline calculator will show you accurate insights into your maturity amount along with the annuity.

Benefits of using an NPS calculator

NPS or National Pension Scheme calculator is an online utility tool that helps you to know how much your pension will be after a specified period of time. NPS calculator eradicates the time of manual calculation and shows you the accurate result in seconds. NPS calculator helps you to generate error-free results without moving out of your comfort zone. It is available easily and can be used anytime. NPS calculator saves your precious time and energy with its simple and easy-to-use interface.

Who can use the NPS calculator?

The NPS calculator can be utilized by any individual but specifically, it is for those eligible investors who are into NPS. An individual who wants to invest in NPS and wants to have an estimation of gained wealth on a given investment amount can use this calculator. All those citizens who are between the ages of 18 to 60 are eligible to invest in NPS (National pension scheme). All individuals must be aware of the guidelines o KYC and valid documents of identity proof, address proof bank details, etc. NPS is based on the concept of compounding therefore, an investor should invest for as long as he can, in order to get the more accumulated amount and the retirement benefit.

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FAQs about the NPS Calculator

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How does the NPS calculator work?

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The NPS calculator works on the principle of the power of compounding. You need to put the data as per your preferences and the calculator will automatically calculate the report of your investments.


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Can I stop paying NPS?

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If an investor fails to pay the minimum amount in a year then his/her NPS account can be locked. In order to start the account again, he/she must pay the minimum amount with an imposed penalty of Rs.100.


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What is NPS and how does it work?

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NPS is an initiative by the central government to give financial stability to the employees of private, public, and unorganised sectors.


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Who is eligible for NPS?

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An individual who wants to invest in NPS and wants to have an estimation of gained wealth on a given investment amount can use this calculator. All those citizens who are between the ages of 18 to 60 are eligible to invest in NPS (National pension scheme). All individuals must be aware of the guidelines o KYC and valid documents of identity proof, address proof bank details, etc.


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Can I withdraw money from NPS?

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Yes. You can withdraw money from NPS but only 60% of accumulated wealth is allowed to withdraw and the rest 40% should be utilized for the purchase of an annuity.


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How much should I invest in NPS?

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You can invest in NOS as per your preferences but we would recommend you to invest at least Rs.50000 in a year so that your amount can avail the dedication of tax on the amount under section 80CCD(1B) as NPS tax benefit.


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Can I withdraw 100% from NPS?

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An investor can withdraw the whole of the lum-sump if the total invested corpus is equal to 2.5 lakh or less than it. In case of the death of the investor, the total accumulated pension would be paid to the nominee or legal heir of the investor.


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Is NPS available in SBI?

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Yes. The national pension scheme is available in SBI. You can open your NPS account in SBI.


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What if the NPS account holder dies before 60 years?

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In case of the death of the investor, the total accumulated pension would be paid to the nominee or legal heir of the investor.


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Can we deposit cash in NPS account?

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Yes. Both of the options online or offline are available to deposit the amount. As per your preferences, you can choose the online or offline method.


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How can I buy NPS online?

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Go to the website of NPS website
(https://enps.nsdl.com/eNPS/NationalPensionSystem.html) Fill in the details of your PAN or Aadhaar card then select the account type. Verify OTP for the verification and fill out personal details. Now select pension fund manager and lastly choose the investment mode offline or online.


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Can an individual have more than one NPS?

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No. Any individual is not allowed to have more than one NPS as the scheme has a unique PRAN for each individual.


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