Learn how to easily check your National Pension System (NPS) account balance online with this step-by-step guide. Discover the importance of registering for an NPS account, and using NPS Lite to view your account balance, investment details, transaction history, and account statement.
National Pension System (NPS) is a government-sponsored pension scheme for all citizens in India, designed to provide retirement benefits for citizens. The NPS allows individuals to invest a portion of their savings in a market-linked pension plan, which provides regular income after retirement.
NPS account holders can open both Tier-I and Tier-II accounts by paying nominal charges, and begin making contributions. They can check their NPS balance in either of the accounts through online platforms such as the National Securities Depository Limited e-governance application, UMANG app, or via SMS service.
Checking your NPS account balance online is a quick and convenient way to stay up-to-date on the status of your investment. In this article, we’ll walk you through the steps of how to check your NPS account balance online.
- Register for an NPS Account: To be able to check your NPS account balance online, you need to have an NPS account. If you haven’t already, you’ll need to register for an National Pension Scheme account. You can do this by visiting your nearest NPS Point of Presence (PoP) or by visiting the NPS Trust website.
- Get your Permanent Retirement Account Number (PRAN): Once you have registered for an NPS account, you’ll be assigned a Permanent Retirement Account Number (PRAN). This unique number is used to identify your NPS account and is essential for accessing your account online.
- Get an NPS Lite Account: NPS Lite is a free, online platform provided by the National Securities Depository Limited (NSDL) that allows NPS subscribers to view their NPS account details, including their account balance, online. To get started with NPS Lite, you’ll need to complete the registration process and submit the required documents.
- Log in to Your NPS Lite Account: Once you have completed the registration process, you can log in to your NPS Lite account using your PRAN and password. From here, you’ll be able to view your NPS account details, including your account balance.
- Check Your Account Balance: To view your NPS account balance, simply click on the “Account Balance” tab in your NPS Lite account. Here, you’ll be able to see the current value of your NPS account, including the value of the pension fund and the current balance of your Tier 1 and Tier 2 accounts.
- Review Your Investment Details: In addition to your account balance, you can also view details about your NPS investments, including the scheme name, scheme type, investment date, and investment value. This information can be helpful in understanding the performance of your investments and making informed decisions about your future contributions.
- View Your Transaction History: To see a complete history of all transactions made to your NPS account, click on the “Transaction History” tab. This tab will show you a detailed history of all contributions, withdrawals, and other transactions made to your NPS account.
- Download Your Account Statement: If you need a copy of your NPS account statement for personal records or for tax purposes, you can easily download it from your NPS Lite account. Simply click on the “Download” button, select “Account Statement”, and choose the date range for which you’d like to generate the statement.
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