NPS (with FD interest) offers greater financial security and wealth accumulation, while UPS provides a guaranteed pension but lacks the wealth-building potential and flexibility that NPS provides.
Here, examples demonstrating monthly assured payouts under the Unified Pension Scheme (UPS), detailing payout calculations based on corpus values, service conditions, and eligibility criteria for better understanding of the scheme's benefits.
This notification provides a detailed structure of the Unified Pension Scheme (UPS), including illustrative scenarios for calculating assured payouts, lump-sum payments, and other provisions.
Check the value of your NPS holdings (investments), either month-wise or year-wise, including notional gains/losses as of today or projected at retirement.
In the UPS, averaging over 12 months reduces the benefit of any recent promotion, whereas in the OPS, the pension directly reflects the highest recent pay
The basic pension under UPS is ₹34,475, compared to ₹36,400 under OPS, and the total difference, including Dearness Allowance, is ₹3,888.