NPS Calculator

NPS Calculator India

The National Pension System (NPS) provides financial stability to Indian citizens after retirement. An individual aged 60 is eligible to use the amount accumulated in their pension corpus. With the help of the National Pension Scheme calculator, you can determine the total accumulated pension amount.

An Indian citizen between the ages of 18 and 60 years is eligible to open a pension account. It acts as an investment and an asset after retirement. Pension schemes provide stable returns and are not affected by market fluctuations.

Why Should You Use the BlinkX NPS Pension Calculator?

The NPS pension calculator can help you in several ways, such as:

• Using the NPS pension calculator, you can check the amount of money you will be entitled to in the future.
• The calculator provides accurate results every time with its fully automated process.
• You can use the calculator to determine the applicable tax regime on pension funds, the total investment, interest earned, maturity amount, and other key details.

Formula for Calculating Pension Amount

NPS is calculated using compound interest. You can use the following formula with the National Pension Scheme calculator in India:

A = P (1 + r/n) ^ nt

Where:
A = Amount
P = Principal sum
r/R = Rate of interest per annum
n/N = Number of times interest is compounded
t/T = Total tenure

Example on Calculating Pension Amount

Let us understand pension calculation with an example: 

If you are 35 years old and your monthly contribution is Rs 4000, you will need to add to the pension account for 30 more years. Assuming that the rate of interest or ROI is expected at 9% every year, the following are the details the National Pension Plan calculator offers.

Total Principal invested = Rs 14.4 Lakh

Sum expected on Maturity = Rs 65.8 Lakh

How to Use the BlinkX NPS Calculator?

Follow these steps to use the NPS calculator:

• Step 1: Enter the monthly investment amount.
• Step 2:  Enter your current age.
• Step 3: Slide to select the expected rate of return.

Your NPS amount will be displayed on the screen.

Advantages of Using the National Pension Scheme Calculator

The following are the advantages of using the National Pension Scheme calculator:

• It provides accurate results every time.
• It helps you plan your financial goals effectively.
• It is available online and can be used at your convenience.
• It is easy to use, eliminating the need for complicated manual calculations.

Disclaimer: This tool provides information for general guidance only and does not offer any warranties, either express or implied, as to the accuracy, completeness, or reliability of the content. Please read all scheme-related documents carefully before investing.