HDFC NPS Calculator

What is the HDFC NPS Scheme?

The National Pension System (NPS) is a voluntary retirement plan in India. It was introduced in 2004 with the aim of providing a stable retirement income for all citizens. It offers a variety of investment options, allowing participants to choose based on their risk appetite and investment goals. NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and is open to both Indian citizens and international citizens residing in India. The scheme provides tax benefits under the Income Tax Act and offers a mix of guaranteed and market-linked returns. NPS is considered a long-term investment option and is suitable for individuals who are looking to build a retirement corpus.

What is the HDFC NPS Calculator?

The HDFC NPS Calculator is a financial tool that allows you to estimate your potential pension and corpus amount at retirement under the National Pension System (NPS). This can help you make deposits while keeping in mind your retirement goals and financial needs.

Some of the important details required while using the HDFC Pension NPS calculator are as follows:

• Your Current Age

• Investment Amount

• Expected Return on Investment

• Frequency of Investment (monthly, half-yearly, or yearly)

• Percentage of Corpus Allocated for Pension

• Expected Return from Pension

Explore more financial tools: SIP Calculator

Working of HDFC NPS Calculator

This compound interest formula helps to compute the final value of your maturity amount in the HDFC NPS account.

Example of NPS Calculator HDFC Calculation

Let us understand the use of the HDFC NPS Calculator from the example mentioned below.

If you invest in an HDFC NPS account with the following details-

Your Age of Investment = 30 years

Monthly investment = ₹10,000 

Expected Rate of Return = 10% p.a.

Your account will mature at the age of 60 years. Using the HDFC NPS Calculator
Total corpus at retirement: ₹1.37 Cr

Pension Wealth: ₹91.2 L

How to Use Policybazaar’s HDFC NPS Calculator? 

NPS calculator helps you estimate your pension amount upon retirement. Follow the steps mentioned here to use the HDFC NPS Calculator:

Step 1- Go to the NPS calculator of HDFC on this page.

Step 2- Enter the following details in the calculator:

• Investment type (monthly or yearly)

• Investment amount

• Entry age

• Expected rate of return

Step 3- The HDFC NPS calculator displays your estimated monthly pension and maturity amount.

Benefits of HDFC NPS Calculator

Below are the benefits of the NPS Calculator HDFC

• Provides estimates of retirement corpus and monthly pension.

• Helps choose appropriate investment options within NPS.

• Assists in setting realistic retirement planning.

• Evaluates risk tolerance based on chosen investment options.

• Simple and intuitive calculator for quick calculations.

• Available without any cost.

Who Can Use the HDFC NPS Calculator?

Below are the eligibility criteria for NPS calculator HDFC: 

• Salaried professionals

• Self-employed individuals

• Young investors

• Financial advisors

• Anyone aged 18 to 65

Conclusion

The HDFC NPS calculator is a valuable tool for planning your retirement investment strategy. With its user-friendly interface and accurate calculations, it empowers you to make informed decisions regarding your National Pension System contributions. Using this tool can contribute to a more secure and well-planned financial future for you.