# ICICI NPS Calculator

## What is ICICI NPS Calculator?

ICICI NPS Calculator helps in estimating the return from NPS investments. The ICICI NPS calculator helps in estimating the potential monthly pension and the total amount of wealth gained. On the basis of the inputs, the calculator estimates the returns. Furthermore, the NPS calculator will automatically compute the pension amount and wealth gained from the NPS investment.

### ICICI NPS Calculator Requirement

The ICICI NPS calculator requires the following inputs:

• Investment Type: Monthly or Yearly
• Investment Amount: The amount you wish to invest in an ICICI NPS scheme in a month or year.
• Age
• Expected Rate of Return
• Percentage of Annuity Purchase
• Expected Return on Annuity
• Period of Annuity

### ICICI NPS Maturity Value Calculation

With the given inputs, the NPS calculator determines the following values:

For 30 Years of Contribution

• Principal Amount: Sum of all the ICICI NPS contributions.
• Interest Earned
• Pension Wealth
• Annuity Reinvested

After Retirement

• Lumpsum Amount Withdrawn
• Pension per Month: Estimate of the monthly pension on the basis of the corpus amount at the time of retirement.

## How to use ICICI NPS Calculator?

Scripbox’s ICICI NPS calculator is available online and also is free to use. You can determine the potential NPS returns using this calculator. Firstly, go to the Scripbox website to determine the potential returns from NPS investments.

Let us understand how to use Scripbox’s NPS calculator with the help of an example.

Mr Krishna, who is 27 years old, wishes to invest INR 75,000 per annum in the ICICI NPS scheme. Also, he expects a return on investment of 8%, and the percentage of annuity purchase is 50%. Furthermore, his expected return on the annuity is 9%, and the period of annuity is 20 years. On the basis of the inputs, the ICICI calculator automatically computes the following:

For 30 Years of Contribution

• Principal Amount: INR 16,50,000
• Interest Earned: INR 62,31,334
• Pension Wealth: INR 78,81,334
• Annuity Reinvested: INR 39,40,667

After Retirement

• Lumpsum Amount Withdrawn: INR 39,40,667
• Pension per Month: INR 35,455

Therefore, Mr Krishna can potentially get a monthly pension of around INR 35,455 after retirement.