The government of India has launched the UPS Calculator. Now, all citizens of India who applied for the unified pension scheme can check their pension amount online. This means you can use the online calculator from the comfort of your home!

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If you have put your money into the UPS scheme, this calculator helps you see how much pension you will get. The best part? It’s super easy to use!

All the citizens in India who have been Government employees for at least 10 years can enjoy the benefits of the UPS scheme. So, if you have been working for a while, you should definitely check it out.

About UPS Scheme Pension

The Unified Pension Scheme is a new plan by the government of India for all government employees. It was announced on 24th August 2024. This scheme will start on 1st April 2025. Under the Unified Pension Scheme (UPS), government employees who have worked for 25 years will get a pension based on their average basic pay from the last 12 months before they retire.

If government employees have completed 10 years of service, they will get a superannuation amount of INR 10000. While working, these employees need to put in 10% of their basic salary plus any dearness allowance into the pension scheme.

This means anytime you hear about the Unified Pension Scheme, remember it’s all about helping government employees save for their future after they retire. It’s a good way for them to have a stable income when they stop working.

UPS Pension Objective

The main goal of the UPS Calculator is to help government employees find out how much pension they can get. By putting in some money, they can see their pension estimates. This is super important because the Government of India wants to make sure all government workers have stability, dignity, and financial security.

With this UPS Calculator, government employees can easily plan their retirement life. By knowing how much pension they might get, they can make better choices for the future. It’s like having a tool that helps you prepare for what’s coming next!

The people who made the UPS Calculator designed it to be very easy to use. It won’t give any mistakes and will always show the right amount. This means government employees can trust it to give them the correct pension estimate, helping them make smart retirement plans.

Highlights of the UPS Calculator

Key Highlights	Details
Name of the Scheme	UPS Calculator
Launched By	Government of India
Launch Date	24th August 2024
Announced By	Prime Minister of India
Purpose	Provide investment opportunity
Beneficiaries	Citizens of India
Target Beneficiaries	Government employees
Advantage	Provide pension
Eligibility Criteria	Government employees of India
Required Documents	Aadhaar Card, Bank account,
Application Process	Online
Official Website
Expected Benefits	High pension amount
Contact Number	1800-22-7171

Interest Rate

The employers will contribute 18.5% of employee’s basic salary plus dearness allowance.
The employee will contribute 10% of the basic salary + dearness allowance.

Minimum and Maximum Amount

The employees have to contribute a minimum of 10% of their basic salary + dearness allowance.
There is no upper limit under the UPS scheme for the employees.

Silent Features of Unified Pension Scheme

Secure future: With the help of this scheme the citizen can contribute to having a comfortable post-retirement life.
Easy to contribute: The Government employees just need to contribute a total of 10% of their basic salary to get the pension amount.
Assured pension: Retired employees will receive a pension of 50% of their average basic pay over the previous 12 months before retirement. This benefit is provided to employees with at least 25 years of service.
Employer contribution: The employers also have to contribute 18% of their employee’s basic salary to increase the pension amount significantly.

Unified Pension Scheme Formula

The formula to calculate the pension under the Unified Pension Scheme (UPS) is:

If the Government employees have completed 25 years or more the pension is 50% of the average monthly basic pay of the last 12 months.
If the Government employees have completed 10 to 24 years of service then the pension will be a proportionate amount based on the airs of service
The minimum pension to be given to all the Government employees under the scheme is INR 10,000 per month.

Maturity and Withdrawal

A lump sum amount is provided to employees upon superannuation, calculated as 1/10th of their last drawn monthly pay for every six months of completed service.
Employees can withdraw up to 60% of the UPS corpus as a lump sum upon superannuation.

Premature Closure

The premature closer can happen when the Government employee dies than 60% of the pension the employee was receiving.

UPS Calculator

Average Monthly Basic Pay (Last 12 Months) (₹)

₹

Service Years

Select Pension Type
PensionFamily Pension

Pension Amount

₹ 0.00

Features of Unified Pension Scheme Calculator

All the Government employees of India who are covered under the UPS scheme are eligible to use the Unified Pension Scheme Calculator.
Government employees just need to enter their average monthly basic pay and service year to calculate their pension amount.
With the help of the online system, Government employees can check their pension amount online in the comfort of their homes without visiting any government office.
The unified pension scheme calculator does not use any specific formula but there are criteria based upon service years to calculate the pension amount.

Benefits of Unified Pension Scheme

The NPS calculator allows citizens to instantly check their amounts without wasting time or effort.
The calculator is programmed by a professional, so citizens do not have to worry about any errors in the calculations.
Since the minimum pension amount under the UPS scheme is INR 10,000 all the Government employees can live their post-retirement life comfortably.
By checking the returns the citizens can plan their retirement according to the return they will receive.

How to Use Unified Pension Scheme Calculator

STEP 1: All citizens who want to use the National Pension Scheme Calculator are requested to visit the official website by clicking on the link here.

STEP 2: Once the citizens reach the official website’s homepage, they must enter their average monthly pay and services.

STEP 3: After entering the details the citizens can easily check their pension amount.

Contact Details

Phone No:- 1800-22-7171

FAQs

How much percent does the government contribute under the UPS scheme?

A total of 18.5% of the employee’s family salary will the government will contributed under the UPS scheme.

Who is eligible to avail of the benefits of the UPS scheme?

Only the Government employees of India are eligible to avail the benefits of the UPS scheme.

How much percent do the employees contribute under the UPS scheme?

The employees have to contribute a total of 10% of their basic salary plus dearness employees allowance.