National Pension Scheme or National Pension System (NPS) is a scheme brought into existence by the Government of India. NPS offers retirement benefits to all the sectors of society, be it unorganized or organized. It is regulated and administered by the Pension Fund Regulatory and Development Authority(PFRDA) and is a completely reliable government-backed plan.Read more
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best returns & make the most of your Golden years
Expected Return on Investment
Percentage of Corpus Allocated for Pension
Expected Return from Pension
Let us know more about the National Pension System focusing on the NPS calculator, benefits, and more offered by the HDFC Bank.
The PFRDA (Pension Fund Regulatory and Development Authority) has come up with a scheme that offers benefits to all Indian residents once they cross their retirement age. This scheme is known as National Pension Scheme. Any individual aged between 18 years and 60 years can open the National Pension Scheme Account. An eNPS account can also be opened if you have Pan Card or Aadhar Card.
Earlier the scheme was available only for individuals in the public sector but since May 2009, every citizen of India is eligible for investing in the National Pension Scheme. With little investment, an individual can secure the financial future of themselves and their family making the scheme highly beneficial.
All the banks offering National Pension Scheme calculator that helps in the calculation of the lump sum amount that an individual can expect at the age of their retirement as per their contribution made to date. The main advantage of using an HDFC NPS calculator is that an individual will always be aware of the amount they will receive at the end which can help them make deposits keeping in mind their retirement goals and needs.
An easy to use and hassle-free tool, HDFC National Pension Scheme Calculator, calculates the lump sum amount to be received just by entering a few basic details related to the scheme. Some of the important details required while calculation of HDFC NPS are as follows:
HDFC is one of the leading private sector banks that offer an individual to buy the National Pension Scheme for both retail and corporate sectors. Here are some of the advantages offered by HDFC that make them above other NPS providers.
The following is the eligibility criteria for this government-backed scheme:
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NPS is very fruitful in the long run and hence every Indian citizen can invest in this full-proof government-backed scheme for safeguarding their financial future.
Here are some of the top benefits offered under the HDFC National Pension Scheme:
Liquidity can never be an issue under the National Pension Scheme as contributors contribute systematically. For availing of the liquidity benefit, all the investor needs to have any of the below-mentioned accounts. Also, with the following account, a unique Permanent Retirement Account Number (PRAN) is compulsory while attaining the liquidity benefits
NPS is very flexible in terms of choices. To avail flexibility benefit, NPS offers the following choices under the scheme:
Income Tax Act 1961
U/S 80CCD (1)
1.5 lakh of tax is deductible within the total ceiling Under Tier-I investment
U/S 80CCD 1(B)
Up to Rs.50,000 is allowed as deductions towards Tier-I investment
U/S 80CCD (2)
For Tier-I investment, deductions up to 14% for central government and 10% for the rest are eligible
“Tax benefit is subject to changes in tax laws. Standard T&C apply.”
If the amount is withdrawn before 60 years of age
If the amount is withdrawn at 60 years or later
Payments under the National Pension Scheme can only be made in Indian Rupees
Deposit benefits under the National Pension Scheme are:
National Pension Scheme is a great scheme that offers fixed income after retirement. The main aim behind NPS is to create a financial corpus for individuals after their retirement so that they can lead a happy and financially settled life.
HDFC NPS Calculator helps in knowing the contributions made under the scheme to date and planning your new investment accordingly so that you have a corpus as per your future needs. It is important to keep all the future aspects in mind before making any kind of investment.
*All savings are provided by the insurer as per the IRDAI approved insurance
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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