How to Check NPS Account Balance
In this article, you will learn how to check NSP account balance. The National Pension Scheme (NPS) is a pension scheme set up by the Government of India to provide regular income to all subscribers after retirement. The Pension Fund Regulation and Development Authority (PFRDA) is the regulator of the NPS.
The National Pension System (NPS) is a voluntary defined contribution pension system that enables subscribers to make optimal choices for their future through systematic saving throughout their working lives. The NPS seeks to instill in citizens the habit of saving for retirement. It is an attempt to find a lasting solution to the problem of providing adequate retirement income to every Indian citizen.
Under the NPS, individual savings are pooled into a retirement fund which is invested in diversified portfolios of government bonds, bank paper, corporate bonds and stocks by investment managers. professional funds regulated by the PFRDA, according to approved investment guidelines. These contributions grow and accumulate over the years according to the returns on the investments made.
Upon regular retirement from the RNP, participants may use the retirement assets accumulated under the plan to purchase a life annuity from a life insurance company approved by the PFRDA, in addition to withdrawing a portion of pension assets accrued as a lump sum if you choose to do so. The steps for checking the NSP account balance are described below.
Ways to Check NSP Account Balance
How to know the NPS balance online via the NSDL portal
To know how to check NPS account balance online, follow the given steps:
Step 1: Visit the NSDL Portal.
2nd step: Enter your PRAN like a User ID and the account password to log in.
Step 3: You will find a Captcha coded on the screen. Enter it for proceed.
Step 4: Under the “Transaction Statement“, you will find a “Holding Statement” option. Click on it.
Step 5: The screen will display the details of your accumulated balance.
If you want to get an NPS balance statement including details of your transactions and contributions, you need to click on the “Transaction Statement” option in the mentioned section.
How to View NPS Balance via NSDL E-Gov App
Step 1: Enter your PRAN and the password to sign in to your NPS account.
2nd step: Once logged in, you can view the NPS Holding Amount as of the current date which includes Level I and Level II holding amounts as well as transaction details.
Step 3: You can also get a ‘E-mail Transaction Statement‘ on your registered email id.
How to Check NPS Account Balance Using UMANG App
Step 1: You need to open the UMANG App on your mobile and search NPS Services.
2nd step: Select the option “NPS” and press your Concerned CRA.
Step 3: Click on the “Running Holdingon the next page and enter your Permanent Retiring Allowance Number (PRAN) and password.
Step 4: Finally, press “Login” to view your account balance details.
Apart from this, the Unified Mobile Application for New-age Governance (UMANG) platform offers a range of other e-governance services.
How to get NPS balance information via SMS facility
Step 1: Of your NPS registered portable number, give a missed call to 9212993399.
2nd step: You will receive your account balance details through a SMS on your registered phone number.
We hope our article on ways to check NSP account balance. To conclude, the above-mentioned ways to check NPS account balance are simple and less time-consuming. Therefore, subscribers looking to check their NPS account savings for withdrawal or any other purpose will find these strategies useful.
Hope you understand this article, How to Check NPS Account Balance.