# SBI NPS Calculator

## What is SBI NPS Calculator?

SBI NPS Calculator helps in estimating the return from NPS investments. The SBI 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 State Bank of India NPS calculator will automatically compute the pension amount and wealth gained from the NPS investment.

### SBI NPS Calculator Requirement

The State Bank of India NPS calculator requires the following inputs:

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

### SBI NPS Maturity Value Calculation

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

For 30 Years of Contribution

• Principal Amount: Sum of all the SBI 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• Lumpsum Amount Withdrawn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 SBI NPS Calculator?

Scripbox’s SBI NPS calculator is available online and also is free to use. You can determine the potential NPS returns using this calculator. Firstly, you need to visit 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.

Ms Sloka, who is 30 years old, wishes to invest INR 50,000 per annum in the SBI NPS scheme. Also, she expects a return on investment of 8%, and the percentage of annuity purchase is 40%. Furthermore, her expected return on the annuity is 6%, and the annuity period is 20 years. On the basis of the inputs, the State Bank of India NPS calculator automatically computes the following:

For 30 Years of Contribution

• Principal Amount: INR 15,00,000
• Interest Earned: INR 46,17,293
• Pension Wealth: INR 61,17,293
• Annuity Reinvested: INR 24,46,917

After Retirement

• Lumpsum Amount Withdrawn: INR 36,70,376
• Pension per Month: INR 17,530

Therefore, Ms Sloka can potentially get a monthly pension of around INR 17,350 after retirement.