The NPS is a new contributory pension system launched by Government of India with effect from 1st January 2004. NPS regulated by Pension Fund Regulatory and Development Authority (PFRDA), was first introduced for government employees and then in 2009 end for all citizens of India. Under the NPS, you can regularly invest your money into your pension account and have an option of taking a part of the corpus as lump sum amount and the balance in form of fixed monthly income. Use this NPS calculator to understand all the benefits of NPS at a glance.