National Pension Scheme (NPS) Calculator
Calculate NPS (National Pension Scheme) Total Investment, Total Interest, Maturity Amount & Annuity Investment
What is NPS Calculator?
NPS CALCULATOR is an online tool to determine the amount of corpus that will be acquired by an investor at the time of maturity as well as how much annuity investment to be receive at that time. It is designed to provide help to its users for settling their retirement goals.
National Pension Scheme aka NPS is a retirement plan for Indian citizens and it is offered by the central government of India. Any Indian citizen aging between 18 – 60 years can opt for this scheme as their financial safeguard after retirement.
Why use a NPS Calculator?
Using an online NPS calculator will help an investor to realize how much amount he will have once he reached 60 years of age.
Thus, this calculator will help a user to manage his fund more effectively as he will have a clear idea about how his investment grows. On the other, this calculator determines how much you have to invest regularly to match your desired corpus at the end.
There are numbers of factors that needs to be considering while calculating the NPS such as tenure, interest rate, age, etc. and it makes the whole calculation quite complex. To reduce the calculation hazard for users, an online NPS calculator is in the league.
Advantages of using NPS Calculator :
There are numbers of reason why one should use NPS calculator, here are some,
- Free and flawless.
- Effective and reliable.
- Helps to manage the financial goal.
- Easy and simple to use.
- Instant result.
- Chances of human error is lesser.
Formula of calculating NPS (National Pension Scheme)
The calculation of NPS is done on the basis of compound interest method.
where, A= amount, P= principal, r= rate of interest, n= number of time it compounded, t= tenure.