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July 9, 2022
The National Pension Scheme (NPS)
The national pension scheme was introduced in 2004 by the Pension Fund Regulatory and Development Authority of India (PFRDA). It encourages systematic savings for Indian citizens aged 18 to 60 by directing regular payments into an account. The corpus can then be used for retirement. To understand your investment, it's important to check your NPS balance, which depends on your contributions and investment income.
To open a Tier 1 and Tier 2 account, pay the minimum charges and make contributions after subscribing to the NPS. Then, check your balance online. You'll need your permanent retirement allotment number (PRAN) to inquire about your NPS account balance. Keep this number handy and use any of the channels listed below.
How to Check Your NPS Account Balance?
There are 4 ways to check your NPS account balance.
1. Using the National Securities Depositories Limited (NSDL) portal online
- Visit the NSDL web portal.
- Log in with your PRAN, user ID, and account password, and fill out the captcha.
- Look for and click on the ‘holding statement’ option below the ‘transaction statement’ section to see your accumulated balance.
- Choose the ‘transaction statement’ option to get details on your transactions and contributions.
2. By downloading the NSDL E-Gov App
To check your NPS balance on the NPS app, follow these steps:
- Log in to your NPS account using your PRAN and password.
- View your NPS holding amount, Tier 1 and Tier 2 holding amounts, and transaction details.
- Email your transaction statement by choosing the ‘email transaction statement’ option.
- Manage your registered email address and mobile number.
- Withdraw from Tier 2 accounts using the app and an OTP from your registered mobile number.
- Once approved, the amount will be credited to your account.
3. Using the UMANG smartphone app
- Download the UMANG app and select NPS services
- Choose the relevant credit recordkeeping agency
- Click on ‘current holding’ and enter your PRAN and password
- Login to check your account balance
- UMANG can also be used for other e-governance services
4. Subscribing to the SMS service
To check your NPS balance via SMS, follow these steps:
- Send a missed call to 9212993399 from your registered mobile number.
- You'll receive an SMS with your account balance details.
If you have any questions about your NPS account, call customer care at 022 2499 3499.
NPS Login
For your NPS login, you must create your IPIN (Internet Personal Identification Number) using your PRAN (Permanent Retirement Account Number).
Step 1: To begin, navigate to the NSDL CRA website and complete the necessary details. |
Step 2: Set a new password and then proceed to submit your information. This action will generate your IPIN, a crucial component for logging in to the NSDL portal. |
Step 3: Visit the NSDL eNPS homepage and select "Login with PRAN/IPIN" to initiate the NPS login process. |
Step 4: You will then be redirected to the NPS login page, where you can seamlessly access your NPS account by entering your PRAN and IPIN credentials. |
Make sure to utilise these NPS login instructions to effectively monitor your NPS Account status and balance.
Conclusion
To meet your retirement goals, it's important to keep track of your National Pension Scheme (NPS) balance. You can do this by using the NSDL web portal, the NSDL E-Gov app, UMANG smartphone app, or subscribing to the SMS service. Each method has its own advantages and limitations, so choose the one that works best for you. If you have any questions or concerns, call customer care for assistance. Regularly checking your NPS balance lets you stay informed and make informed decisions about your retirement planning.
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Frequently Asked Questions
1. How do I log into NPS?
To log into your NPS account, you will need to visit the NSDL web portal or download the NSDL E-Gov app. Once there, you can log in using your PRAN and password. For more details on logging in, please refer to the relevant section of this blog post.
2. How do I check my NPS Tier 1 balance?
To check your NPS Tier 1 balance, use the NSDL web portal, the NSDL E-Gov app, or the UMANG smartphone app. Here are the steps for each:
- NSDL web portal: log in with your PRAN, user ID, and account password, fill out the captcha, and click on ‘holding statement’ to see your balance.
- NSDL E-Gov app: log in with your PRAN and password, view your NPS holding amount and transaction details.
- UMANG smartphone app: download the app, select NPS services, choose the relevant credit recordkeeping agency, log in with your PRAN and password, and click on ‘current holding’ to check your balance.
You can also send a missed call to 9212993399 from your registered mobile number to receive an SMS with your account balance details. For more information or assistance, call customer care at 022 2499 3499.
