EOBI Pension Calculator 2026
Find your Old-Age Pension or Old-Age Grant with the official EOBI formula.
EOBI pension formula
Pension = Average monthly wage × Years of insurable employment ÷ 50
Minimum pension: Rs 11,500 per month.
Example: Average wage Rs 40,000 and 25 years of contribution.
40,000 × 25 ÷ 50 = Rs 20,000 per month.
EOBI pension by years of service
| Contribution | Wage Rs 40,000 | Wage Rs 37,000 |
|---|---|---|
| 15 years | Rs 12,000 | Rs 11,500 |
| 20 years | Rs 16,000 | Rs 14,800 |
| 25 years | Rs 20,000 | Rs 18,500 |
| 30 years | Rs 24,000 | Rs 22,200 |
| 35 years | Rs 28,000 | Rs 25,900 |
Amounts below Rs 11,500 are raised to the minimum pension.
Who gets pension and who gets grant
| Your case | Benefit |
|---|---|
| Age 60 (men) or 55 (women) and 15+ years | Old-Age Pension, monthly for life |
| Age 60 / 55 and 2 to under 15 years | Old-Age Grant, one-time |
| Less than 2 years | No old-age benefit |
| Permanent disability before 60 / 55 | Invalidity Pension |
| Death of insured person | Survivor’s Pension for family |
Which wage to enter
EOBI contribution is paid on the minimum wage. So for most workers the average wage is the minimum wage of recent years. Check the wage on your contribution record in Insured Person Details.
Frequently asked questions
What is the EOBI pension formula?
EOBI pension equals average monthly wages multiplied by the number of years of insurable employment, divided by 50. If the answer is below Rs 11,500, the minimum pension of Rs 11,500 is paid.
How much pension will I get after 15 years?
With an average wage of Rs 40,000 and 15 years, the formula gives Rs 12,000 per month. At lower wages the formula falls under Rs 11,500, so the minimum pension of Rs 11,500 is paid.
How much pension after 30 years of EOBI contribution?
With an average wage of Rs 40,000 and 30 years, the formula gives Rs 24,000 per month.
How is the Old-Age Grant calculated?
The Old-Age Grant is one month's average wage for every completed year of contribution. A part year of more than six months counts as a full year. It is paid once to people with 2 to under 15 years.
How accurate is this calculator?
It uses the official EOBI formula and the current minimum pension. Your regional office calculates the final amount from your actual contribution record.