Here is the NPS Annuity Calculator for Government employees, based on common annuity plan and annuity rates offered by all annuity service providers like SBI Life Insurance Company Ltd., HDFC Life Insurance Company Ltd., ICICI Prudential Life, Life Insurance Corporation of India, Tata AIA Life Insurance Company Ltd.

You can also check, Go to https://cra-nsdl.com, navigate to “Annuity Quote,” or directly access CRA NSDL Calculator

How to use this NPS Annuity Calculator for Government Employees.

1. Enter your corpus Value.
To know the estimated corpus value you can check with your NPS account or use our NPS UPS Individual Corpus Calculator Click Here

2. Input Annuity Rate

The calculator typically uses indicative annuity rates from ASPs (5–7%). A default rate 6% may be set, but you can view ASP-specific rates in the output. Check actual rates on https://cra-nsdl.com or with ASPs.

3. Enter Your age and Spouse Age
4. Select anyone ASP
5. Select Guaranteed period ie. 5, 10, 15 or 20 .
6. Select Yes or No for Return of Purchase Price/Joint Life then click calculate button.

How to calculate Your NPS Annuity Pension

• Assumptions: ASP rate adjustments (-0.3% to +0.2%) are illustrative. The example and list provided are based solely on this calculator’s output. Verify actual rates at https://cra-nsdl.com.

Also Read : What are the annuity options under New Pension Scheme

Here are some examples of pension calculations

1. Annuity Payable for Life:

Example:
Corpus: ₹10, 00,000
ASP: HDFC life (rate increase by 0.2%)
Base Rate: 6.0 +0.2% = 6.02%
Monthly Pension: (₹10, 00,000 × 0.062) / 12 = ₹5,167 and No return Annuity Price.

2. Annuity for Life with Return of Purchase Price on Death : Rate reduced by 0.2%; corpus returned to nominee at death.

Example :
Corpus: ₹10, 00,000
ASP: LIC (rate reduced by 0.3%)
Final Annuity rate: 6.0- (0.3 + 0.2%) = 5.5%
Monthly Pension = (₹10,00,000 × 0.055) / 12 = ₹4,583

3. Annuity Guaranteed for 5, 10, 15, or 20 Years and for Life Thereafter: Rate reduced by 0.05%–0.15% based on period (here 5 years).
Example :
Corpus: ₹10, 00,000
ASP: LIC (rate reduced by 0.3%)
Final Annuity rate: 6.0- (0.30 + 0.05%) = 5.65%
Monthly Pension = (₹10,00,000 × 0.0565) / 12 = ₹4,708 and no return purchase price.

4. Annuity for Life Increasing at a Simple Rate of 3% p.a: Annuity Rate reduced by 0.3%; pension grows by 3% yearly.

Example :
Corpus: ₹10, 00,000
ASP: LIC (rate reduced by 0.3%)
Final Annuity rate: 6.0 – (0.30 + 0.30%) = 5.40%
Monthly Pension = (₹10,00,000 × 0.054) / 12 = ₹4,500

Annuity Rates by ASPs (as of PFRDA Pension Bulletin, February 2023)

Below are the indicative annuity rates for ‘Annuity for Life’ without Return of Purchase Price offered by PFRDA-empaneled ASPs, estimated for 2025 based on the PFRDA Pension Bulletin, February 2023. As per the bulletin, the minimum rate was 5.44% (Star Union Dai-ichi), and the maximum was 9.24% (Shriram Life). Rates vary by plan and personal factors; verify with ASPs at npscra.nsdl.co.in visit here

Disclaimer : The information on the NPS Annuity Calculator is for general guidance only. Calculations, annuity rates (e.g., 6% or -0.3% to +0.2%), and pension amounts are illustrative, based on assumptions. Actual rates and payouts vary by market conditions, ASP, subscriber details, and PFRDA terms.