NPS Calculator

NPS Calculator – The NPS calculator will show one the amount of entity that will be enlarged by you at the time of maturity. NPS aka National Pension Scheme is a government sponsored pension scheme. Retirement planning is one of the most important planning that one should have. NPS can be the best option among these.

As per National Pension Scheme rules, any Indian citizen between the ages of 18-60 years can invest in the scheme. The person will require complying with KYC to start the investing in the National Pension Scheme.

Investors will need an NPS calculator to determine how much the total accumulation amounts.

HOW TO USE NPS CALCULATOR:-
To use the National Pension Scheme, one require the details of
1) Current age and the age he/she wish to retire
2) Amount that will be invested by his/her each month
3) Returns that you expect to earn from the investment

4) Annuity period, number of years over which one wish to receive the monthly pension in the post retirement years. You are required to mention this number in years.
5) The percentage of pension wealth invested in the annuity plan cannot be below 40 percent (if he/she withdraw at 60 years or more). If you withdraw before 60 years.
6) Expected rate of interest on the annuity investment is the returns that the investor expect to earn from his/her pension during the post-retirement period.

HOW TO OPEN NPS ACCOUNT TO USE NPS CALCULATOR:-
1) Visit Enps.nsdl.com/eNPS or Nps.karvy.com.
2) Click on “New Registration”
3) Fill your details

4) Mobile number will be verified with OTP.
5) Carefully fill the bank account details
6) Select your portfolio and fund.
7) A canceled check will have to be given for the bank account whose details are filled.

8) Upload photo and signature
9) When the payment would be done, his/her Permanent Retirement Account (PRN) number will be generated
10) You will also get the receipt of payment
11) Make the investment

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12) Go to the ‘e-sign/print registration form’ page.
13) Register with PAN and NetBanking.
NPS account can also be transferred and location according to investor’s need can also be changed.
Keep visiting our website for more.
Written and edited by Rajeshwari.

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