Axis Bank NPS Calculator

The Axis Bank NPS Calculator helps you estimate your retirement corpus and monthly pension under the National Pension Scheme (NPS). To calculate the retirement amount receivable, you need to insert your desired retirement age, contribution amount, and investment choices for your Axis Bank NPS account.

Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation

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7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000

Get the best returns & make the most of your golden years

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: ##Rs 60,000 are the monthly pension amounts at the assumed rate of return of 8% p.a. and 4% p.a. for unit linked insurance plans. This is an illustrative example and the returns are not guaranteed & dependent on the policy term and premium term availed along with the other variable factors. The market linked return of 60K per month is for an 18 year old investing 6k per month for 20 years in a whole life policy having policy term 82 years in which Systematic partial withdrawals start at the age of 65 years at 5% rate of withdrawal per year. The investment risk in the policy is borne by the policyholder. All Plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All Plans listed here are of insurance companies’ funds. Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Max Life High Growth Fund

AUM:8,243 Cr

8,243 Cr

NAV

120.7

-0.87%

Returns

27.73%

Returns

31.47%

Highest Return

Returns

19.3%

Get Details

Bajaj Allianz Accelerator Mid-Cap Fund II

AUM:6,109 Cr

6,109 Cr

NAV

86.97

-0.35%

Returns

20.48%

Returns

22.28%

Highest Return

Returns

15.61%

Get Details

HDFC Standard Opportunities Fund

AUM:38,633 Cr

38,633 Cr

NAV

78.45

-0.37%

Returns

18.47%

Returns

22.64%

Highest Return

Returns

15.48%

Get Details

Disclaimer:
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Axis NPS Calculator

Your Age

Years

18 Years 59 Years

Enter Your Age

Monthly Investment

₹

₹500 ₹10L

Enter Investment Per Month

Expected Return on Investment

5% 15%

Expected Return on Investment

Percentage of Corpus Allocated for Pension

40% 100%

Enter Corpus Percentage

Expected Return from Pension

5% 15%

Enter Annuity Return

₹0

Your Monthly Pension

₹0

Your Monthly Pension

Your Pension Calculation

Total Investment

Returns Earned

Maturity Amount

Maturity Amount split (Lumpsum & Pension)

60%

Lumpsum Amount

At the age of 60 Yrs

40%

Pension Wealth

At the age of 60 Yrs

What is the Axis Bank NPS Scheme?

Axis Bank NPS Scheme is essentially an account you can open with Axis Bank to participate in the National Pension System (NPS) launched by the Government of India. The NPS is a voluntary retirement savings scheme that helps you accumulate savings throughout your working life to provide you with a pension after retirement.

NPS Axis Bank works upon 2 main models:

All citizens model – It includes all the Indian Citizens
Corporate sector model – It includes employees of corporate entities only

Plan smarter with our SIP Calculator.

What is the Axis Bank NPS Calculator?

Axis Bank NPS Calculator helps you estimate the potential retirement lump sum amount from your Axis Bank NPS Account. It ensures easy retirement planning by projecting future payouts based on individual contributions. With minimal input, the Axis NPS Calculator assists you in making informed decisions about the level of contributions and the choice of investment options within NPS.

What are the Steps to Invest in an Axis Bank NPS Account?

Axis Bank is one of the leading private sector banks that offer an individual to buy the National Pension Scheme for both all citizens sector and corporate citizen sectors. Follow these steps to start Investing in Axis Bank NPS:

Open an account: Open an online NPS account through the Axis Bank website or visit the nearest branch.
KYC Verification: Submit PAN, Aadhaar, etc.
Select Pension Fund Manager: Choose from various pension fund managers like, LIC Pension Fund, UTI Retirement Solutions, or SBI Pension Funds.
Choose investment allocation: You can allocate your investments among the E (Equity), C (Corporate Debt), and G (Government Bonds) funds.
Start contributing: Minimum balance to invest in this best pension plan is Rs. 500.
Maintain minimum balance: Rs. 1,000 annually.

How Does the Axis Bank NPS Calculator Work?

The compound interest formula used in the NPS calculator axis bank to compute the NPS amount is as follows:

For Example,

Ramesh, who is 34 years old, contributes in his Axis Bank NPS Account as per the following details:

Contribution Amount= Rs. 3,000 per month
He plans his retirement age= 60 years
Estimated annual interest rate= 10% p.a.

Here is what he can expect:

Total amount he will invest by retirement: around Rs. 9.36 lakhs.
Total amount he will receive at retirement: around Rs. 44.7 lakhs.

Axis Banks NPS Calculator Requirements

Some of the important details required while calculation of NPS in Axis Banks are as follows:

Age
Monthly Investment
Expected Rate of Return
Percentage of Amount Allocated for Pension
Expected Return on Annuity

What is the Eligibility Criteria for NPS in Axis Bank?

The following is the eligibility criteria for NPS Axis Bank:

Minimum age: 18
Maximum age: 70
Indian residents are eligible for Axis Bank NPS
KYC required for NPS in Axis Bank application
One person, one NPS account
NRIs can open an NPS Axis Bank account under the All Citizens Model.

What are the Benefits of an Axis Bank NPS Account?

Following are the benefits of an Axis Bank NPS Account:

Flexible Contributions: Contributors can decide how much and how often to contribute, allowing for customization based on personal finances.
Investment Options: Offers a variety of investment choices across stocks, bonds, and government funds, managed by experts to maximize returns.
Systematic Savings: Promotes regular, long-term saving habits, ideal for securing a pension and steady income in retirement.
Portable and Transferable: Easily transferable between jobs and locations, ensuring nationwide acceptance and hassle-free mobility.
Regulated and Secure: Supervised by the Pension Fund Regulatory and Development Authority (PFRDA), guaranteeing secure online access and regular updates.
Annuity Options: Requires buying an annuity to ensure regular post-retirement income, with various plans to suit individual preferences.
Tax-Efficient Withdrawals: Permits partial withdrawals for specific needs, offering tax benefits on lump sum withdrawals at retirement.
Low-Cost Structure: Features a cost-effective setup with competitive management fees, providing transparency for better financial decisions.
Withdrawal Benefit:
- Before age 60: Withdraw 20% as a lump sum and annuitize 80%.
- At age 60 or later: Withdraw 60% as a lump sum and annuitize 40%.

Tax Benefits:

Income Tax Act 1961	Tax Benefits
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 the Central government and 10% for the rest are eligible

**Tax benefit is subject to changes in tax laws. Standard T&C apply.

Conclusion

The Axis Bank calculator helps you in strategic financial planning, optimizing contributions, and maximizing returns. Axis Bank NPS ensures a secure and tailored approach to retirement savings, empowering individuals to achieve their financial goals efficiently.

Frequently Asked Questions

How do I use the Axis Bank NPS Calculator?

To use the NPS Axis Bank calculator, you need to insert details such as your current age, the age at which you plan to retire, the amount you intend to contribute monthly or annually, and the expected rate of return on your investments.
Is the Axis Bank NPS Calculator free to use?

Yes, the Axis Bank NPS Calculator is free to use and accessible to anyone interested in estimating their NPS retirement corpus.
What information do I need to provide to the Axis Bank NPS Calculator?

You need to provide your current age, retirement age, monthly or annual contribution amount, and the expected rate of return on your Axis Bank NPS Account investment.
Can the Axis Bank NPS Calculator help me decide how much to invest?

Yes, the Axis NPS calculator can help you determine the amount you need to invest to reach your desired retirement corpus and monthly pension.
Does the Axis Bank NPS Calculator account for inflation?

The NPS Axis Bank calculator typically provides estimates in current value terms. You may need to consider inflation separately to understand the real value of your corpus and pension in the future.
Can I use the Axis Bank NPS Calculator for both Tier I and Tier II NPS accounts?

The Axis NPS calculator is generally designed for Tier I NPS accounts, which are intended for retirement savings. It may not accurately reflect the benefits of Tier II accounts, which are more flexible but do not offer the same tax benefits.
What is the expected rate of return I should input into the Axis Bank NPS Calculator?

The expected rate of return varies based on your investment choices (equity, corporate bonds, government securities). A common assumption is between 8-10%, but you should choose a rate that aligns with your risk tolerance and market conditions.
Can the Axis Bank NPS Calculator help me plan for partial withdrawals?

The primary focus of the Axis NPS calculator is on estimating the retirement corpus and pension. For specific scenarios like partial withdrawals, you may need to refer to NPS guidelines or consult with a financial advisor.
What happens to 40% of the NPS amount?

40% of your NPS amount must be used to purchase an annuity, providing a regular income after retirement.
How to calculate using an NPS calculator?

Use online NPS calculators. These tools estimate your retirement corpus and monthly pension based on your contributions, investment choices, and desired retirement age.
How is NPS calculated on salary?
- The default NPS contribution on your salary is 10% of your basic salary and dearness allowance.
- You can choose to contribute a higher or lower amount.

NPS (National Pension Scheme) Calculators

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NPS Calculator For Govt. Employees

Post Office NPS Calculator

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.