Saturday, February 18, 2017
How much amount will I get after retirement from NPS
How much amount will I get after retirement from NPS
How much amount will I get from NPS after retirement?
National Pension Scheme (NPS) or New Pension Scheme is the compulsory Pension scheme for the Central government employees who joined the organisation after the year 2004. This is the Contributory Pension Scheme for all the employees who joined after 2004.
In this Pension Scheme, 10 % of employees basic salary will be deducted and the same amount will be added by the Government to employees NPS account. To know approximately how much amount one will get after retirement, NPS trust has designed a calculator. The URL of the NPS Calculator is http://www.npstrust.org.in/PENSIONCALC/Index.html .
In the calculator, we have to enter the age and how much amount for NPS is being deducted in the salary, expected return on investments and percentage of Corpus reinvested for Annuity(Minimum is 40%) . NPS Calculator will give you approximately how much amount will get after the retirement.
Though the calculations are approximately, NPS Trust Calculator will give an rough idea on how much amount will a employee get after retirement.
Read my articles on How to check amount in New Pension Scheme and Benefits of New Pension Scheme
Read my articles on How to check amount in New Pension Scheme and Benefits of New Pension Scheme
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