NPS Calculator: National Pension System is a government supported pension scheme. In this scheme, pension is received on the basis of contribution. For example, if you want to receive pension in the future, then you will have to contribute to this scheme. In this, the amount of pension depends on the amount of fund deposited at the time of maturity of the scheme. According to the National Pension System Calculator, it will show the possible reduction in the amount deposited by you during maturity and the monthly income you will receive. Let us tell you that the fund deposited till retirement will depend on the return received on your investment amount.
Eligibility to do NPS calculator
If you want to use NPS calculator, then any person can use it. An eligibility has been fixed for this. According to the rule, any citizen of the country between 18 years to 60 years can invest his money in this scheme. Let us tell you that if you are going to invest in NPS, then you will have to do KYC. Apart from this, many criteria have been used.
How to use NPS calculator
If you want to know how much money you have deposited, then you can calculate it like this. In this, you have to tell what is your current age and age at the time of retirement. How much amount will be invested by you. Along with this, you have to tell about how much return you want to get.
All the information about how much pension you want to get after retirement has to be given. Along with this, you have to tell what percentage of pension you want to get on the pension amount. If you withdraw money at the age of 60 years or more, then it will not be less than 40 percent. If you withdraw money before 60 years, then it will not be less than 80 percent. In this, the amount of fund is calculated on the basis of compound interest.
What do you see in the calculator
On using the NPS calculator, you will see all the data of the investment. It shows you the amount of investment by you at the time of the fund of the scheme, the interest received by you and the total amount received on maturity.
The calculator once again shows the complete details of the investment amount and the amount withdrawn by you to get the monthly pension. It also gives the details of the monthly pension amount you will get.