Low soil fertility status and reduced biological nitrogen fixation are some of the major constraints in limiting chickpea yield. Thus, an experiment was conducted with the objective of assessing the effect of blended NPS fertilizer rates on the yield and yield components and economic advantages of chickpea varieties. The experiment was done using randomized complete block design with five NPS rates (0, 50, 75, 100 and 125 kg ha-1) and three chick pea varieties (Arerty, Shasho and Teketay) in three replications. The result showed that the main effect of variety had significant effect on days to 50% flowering, days to maturity, plant height, population at harvest, number of secondary branches, number of pods per plant, number of seed per pod, 100 seed weight, biological yield, grain yield and harvest index. Application of NPS significantly influenced number of pod per plant, biological yield, grain yield and harvest index. In addition, the pooled effect of the two factors showed highly significant differences on days to 50% germination, population at emergence and primary plant branches. Hence, Arerty variety showed an increased yield throughout the applied rates and attained its highest yield (3166.70 kg) at 125 kg ha-1 NPS applied along with the highest profit gaining. Shasho variety also showed a positive yield response at all treated plots as compared to the control; but attained maximum yield (2861 kg ha-1) at 100 kg ha-1 NPS applied. However, maximum profit was attained at rate of 75 kg ha-1 NPS. Teketay variety attained highest yield (3138.70 kg ha-1) at 100 kg ha-1 NPS applied; however its highest benefit to cost ratio (1.73) with highest economic benefit was reached at 50 kg ha-1 NPS applied. Thus, based on results obtained from this study, it can be concluded that using 100kg, 75kg and 50kg of NPS fertilizer ha-1 application for Arerty, Shasho, and Teketay varieties respectively improved productivity of chickpea with economically significant amount at the vicinity of the research area.