Learn how to easily check the status of your National Pension System (NPS) account and ensure that it remains active. Get step-by-step instructions on checking the balance, updating your details, and monitoring your account's performance.
National Pension System (NPS) is a long-term, defined contribution pension scheme in India. It is a savings plan designed to provide individuals with a retirement corpus. Participants can make contributions to their NPS account and choose from a range of investment options, such as equity, debt, and government securities. The returns generated from these investments are used to generate a pension income during retirement. The scheme is managed by Pension Fund Regulatory and Development Authority (PFRDA) and offers tax benefits to individuals who contribute to the scheme. National Pension System accounts are portable, meaning they can be transferred from one job to another, making it an attractive option for individuals who are likely to change jobs throughout their career. The purpose of NPS is to provide a secure and stable source of income during retirement, ensuring that individuals have sufficient funds to support their lifestyle in their golden years. In this blog, we will show you how to check if your NPS account is active.
How to Check if Your NPS Account Is Active?
Step 1: Login to the NPS Trust website
The first step to check if your NPS account is active is to log in to the NPS Trust website. NPS Trust is the custodian of the National Pension System and maintains records of all NPS accounts. To log in, visit the NPS Trust website (https://www.nps trust.gov.in) and click on the ‘Subscriber Login’ option.
Step 2: Enter your Permanent Retirement Account Number (PRAN)
Your Permanent Retirement Account Number (PRAN) is the unique identifier for your NPS account. Enter your PRAN and select the type of account you have (Individual or Corporate).
Step 3: Check your account status
Once you have logged in, you will be able to view your National Pension System account details, including your account status. If your account status is ‘Active’, it means that your account is functioning normally and your contributions are being invested as per your investment choice.
Step 4: Check your contribution history
To check your contribution history, click on the ‘Transactions’ tab. This section will show you the details of all contributions made to your NPS account, including the date, mode of contribution, and amount. If you see contributions recorded in this section, it means that your NPS account is active and your contributions are being invested.
Step 5: Check your account statement
You can also check your National Pension System account statement to see if your contributions are being invested and your account is active. To download your account statement, click on the ‘Download’ tab and select ‘Account Statement’. Your account statement will show you the details of your contributions, investments, and returns.
Step 6: Contact the Point of Presence (PoP)
If you are unable to view your account status or contribution history online, it is advisable to contact your Point of Presence (PoP). PoP is the intermediary who facilitates the NPS account opening and maintenance process. You can contact your PoP for assistance in checking the status of your NPS account.
Step 7: Call the NPS Call Centre
If you are unable to resolve the issue with your PoP, you can call the NPS Call Centre for assistance. The NPS Call Centre is available from Monday to Saturday, 9:00 AM to 6:00 PM. You can call the NPS Call Centre at 1800-22-8047 to get assistance with checking the status of your NPS account.
Purpose of Creating a NPS Account
The purpose of creating a National Pension Scheme (NPS) account is to save for retirement. NPS is a long-term savings scheme designed to help individuals save for their retirement years. The scheme allows individuals to contribute regularly to their NPS account and invest the money in a range of investment options, such as equity, debt, and government securities. The returns from these investments are used to generate a pension income during retirement. Additionally, NPS also offers tax benefits to individuals, making it an attractive option for retirement savings. The purpose of NPS is to provide a secure and stable source of income during retirement, ensuring that individuals have sufficient funds to support their lifestyle in their golden years.
What Happens if You Don’t Track Your NPS Account?
If you don’t track your National Pension System (NPS) account, it can result in the following consequences:
- Missed Contributions: If you don’t track your NPS account regularly, you may miss making timely contributions. This can negatively impact the growth of your retirement corpus.
- Poor Investment Decisions: By not tracking your National Pension System account, you may miss important investment updates, such as changes in market conditions and investment options. As a result, your investment decisions may not be informed, leading to suboptimal returns.
- Missed Opportunity for Tax Benefits: NPS offers tax benefits to individuals who contribute to the scheme. If you don’t track your NPS account, you may miss opportunities to claim these benefits.
- Difficulty in Monitoring Performance: If you don’t track your NPS account, it can be difficult to monitor its performance, making it harder to make informed investment decisions.
- Potential Account Inactivity: If you don’t track your NPS account for an extended period, it may become inactive. This can result in the account being frozen, making it difficult for you to access your funds when needed.
FAQ’s
How do I know if my NPS is activated?
To know if your NPS (National Pension System) is activated, you can check the status of your account on the eNPS (National Pension System) website by logging in with your PRAN (Permanent Retirement Account Number) and password.
How do I check the status of my NPS contribution?
To check the status of your NPS contribution, you can log in to your NPS account on the eNPS website and view your transaction history. You can also check your account balance and other details related to your NPS account.
How can I check my Pran status by Acknowledgement number?
To check your PRAN status by Acknowledgement number, you can visit the NPS website and enter your Acknowledgement number to track the status of your PRAN application.
How can I get 50,000 pension per month in NPS?
To get a pension of Rs. 50,000 per month in NPS, you need to make regular contributions to your NPS account and choose the appropriate investment options that suit your financial goals and risk appetite. The amount of pension you receive depends on various factors, including the amount of contributions made, the investment returns, and the annuity options chosen.
Does NPS give lifetime pension?
Yes, NPS provides a lifetime pension to its subscribers. The pension amount is determined based on the contributions made, the investment returns, and the annuity options chosen.
What happens to NPS after death?
In the event of the death of an NPS subscriber, the accumulated pension wealth is paid to the nominee or legal heir of the subscriber. The nominee or legal heir can choose to receive the pension as a lump sum or as a regular annuity payment.
Conclusion :
It is important to regularly track your National Pension System account to ensure that it is growing as intended, to make informed investment decisions, and to take advantage of the tax benefits offered by the scheme. Checking the status of your NPS account is important to ensure that your contributions are being invested properly and your account is active. By following the steps outlined in this blog, you can easily check the status of your NPS account online or with the help of the NPS Call Centre. Stay informed about your retirement savings and keep your National Pension System account active.
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