National Pension Scheme (NPS) is a government initiative that enables its subscribers to contribute to his/her pension during the working life. This is a govt sponsored pension scheme launched in 2004. This scheme basically allows you to contribute a minimum of Rs 6000 per year in your own pension scheme and reap benefits post retirement. It is controlled by pension fund regulatory development authority (PFRDA). NPS Calculator is a tool which provides with the estimates regarding retirement fund you will receive at age 60. It computes the total amount receivable and interest gained.
Indian citizens between the age of 18 to 60 can opt for the scheme.