Estimate your qualifying service, basic pension, pension commutation and Dearness Relief under the Old Pension Scheme (OPS) framework.
Pension Calculation
Enter the average pensionable emoluments applicable under your bank’s pension rules.
Enter your years of service in the Bank.
Normal superannuation age for this PSU-bank calculator is taken as 60 years.
Total of Actual years of service and Notional service period (Grace) can not be more than 33.
Maximum permitted entry in this calculator is one-third of basic pension.
Enter the commutation factor applicable to your age and retirement date.
Enter the applicable Dearness Relief rate for your pension category.
Enter your date of birth to calculate estimated remaining service until age 60.
Total Qualifying Service
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Basic Pension
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Monthly Pension Commuted
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Commutation Amount
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Basic Pension After Commutation
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Dearness Relief
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Monthly Pension including DR
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Dearness Relief (DR) is applied to full basic pension irrespective of commutation.
Disclaimer:
This calculator provides an indicative estimate for planning purposes only.
Pension eligibility, qualifying service, notional service, pensionable
emoluments and commutation may depend on the regulations applicable to
your bank and your individual service record.
Always verify the official calculation before taking a retirement or VRS decision.
Always verify the official calculation before taking a retirement or VRS decision.