HDFC Bank NPS Calculator

The HDFC Bank NPS Calculator is an online tool designed to help investors estimate their retirement wealth and monthly pension under the National Pension System (NPS). As an authorized Point of Presence (PoP) by PFRDA, HDFC Bank allows customers to open NPS accounts and invest in their future with ease. Whether you’re employed or self-employed, the calculator helps visualize how your contributions grow over time and what income you can expect post-retirement.

What is HDFC Bank NPS?

HDFC Bank NPS is a voluntary, long-term retirement savings scheme regulated by the government. It enables subscribers to invest regularly in a pension account, accumulate a corpus over the years, and receive monthly pension income after retirement. HDFC offers Tier I and Tier II account facilities, backed by strong digital platforms and branch support.

Features of HDFC Bank NPS

• Online and offline account opening through HDFC Bank
• PRAN generation, nominee registration, and fund manager selection
• Tier I (pension account) and Tier II (voluntary savings)
• Flexible investment options and portfolio tracking
• Support for both salaried and self-employed individuals

How the HDFC NPS Calculator Works

The calculator helps you forecast your retirement benefits based on key inputs:

• Current age and retirement age
• Monthly contribution amount
• Expected rate of return (usually 8-10%)
• Percentage invested in annuity (min 40%)
• Expected annuity return (e.g., 6%)

Output includes:

• Total retirement corpus
• Lump sum withdrawal (up to 60%)
• Monthly pension from annuity

Benefits of Using the HDFC NPS Calculator

• Accurately estimate future retirement funds
• Visualize monthly income post-retirement
• Plan contributions according to financial goals
• Understand long-term wealth accumulation
• Assess annuity options and lump sum benefits

Tax Benefits Under HDFC NPS

• Deduction up to ₹1.5 lakh under Section 80CCD(1)
• Extra deduction of ₹50,000 under Section 80CCD(1B)
• Employer contributions eligible under Section 80CCD(2)

Sample Calculation

Suppose you are 30 years old and contribute ₹5,000 monthly to NPS via HDFC Bank until age 60. With 9% returns and 40% annuity at 6%, you may receive:

• Corpus at retirement: ₹93 lakh
• Lump sum withdrawal: ₹55.8 lakh
• Monthly pension: ₹18,600 (approx.)

How to Open NPS Account via HDFC Bank

1. Visit HDFC Bank’s official website or nearest branch
2. Register using Aadhaar, PAN, and bank details
3. Submit KYC documents and choose pension fund
4. Generate PRAN and start investing

Why Choose HDFC Bank for NPS?

• Trusted banking services and nationwide presence
• Instant PRAN generation and eNPS registration
• Robust digital support and portfolio access
• Dedicated retirement planning assistance

Conclusion

The HDFC Bank NPS Calculator empowers you to take control of your retirement journey. By offering detailed projections and a clear picture of your pension income, it helps you plan confidently and invest wisely. Start investing with HDFC NPS today to enjoy tax benefits and build a financially secure future.

Open your HDFC NPS account now and secure your retirement goals.