The National Pension System (NPS) is a retirement scheme supported by the government, designed to foster savings and provide a reliable income after retirement. The Pension Fund Regulatory and Development Authority (PFRDA) and the Central Government oversee this voluntary and long-term retirement investment plan. The pension program is accessible to individuals employed in various sectors, including the public, private, and unorganised sectors, excluding the armed forces.
Individuals have the option to participate in the NPS by making a minimum monthly contribution of ₹500. The balance in an NPS account is determined by two factors:
- Yearly contributions made by the individual.
- Returns generated from investing 40 per cent of the maturity amount in annuities.
While subscribers receive a printed Statement of Transaction (SOT) for their NPS account once per year, they also have the convenience of accessing it online at any time for regular updates.
Steps to check NPS balance using the UMANG App
While there are multiple approaches to checking the NPS balance, one of the most convenient methods is through the UMANG application.
Step 1: To begin, download the UMANG app on your mobile device and locate the NPS services using the search function.
Step 2: Next, choose the “NPS” option and click on the appropriate Central Recordkeeping Agency (CRA).
Step 3: Afterward, proceed to the next page and opt for the "Current Holding" feature. Enter the Permanent Retirement Allotment Number (PRAN) and password into the designated fields.
Step 4: Click on the “Login” button to access and view your account balance details.
Step 5: The screen will display the account balance and account details.
Steps to check NPS balance from the NSDL site
Another way to check the NPS balance is by logging on to the National Securities Depository Limited (NSDL).
Step 1: To inquire about the balance through the NSDL website, individuals must visit the NSDL portal.
Step 2: Next, proceed to log in by utilising your PRAN as the user ID and entering your account password.
Step 3: Enter the captcha code in the designated box to proceed further.
Step 4: Select the “Holding Statement” option located within the “Transaction Statement” section by tapping on it.
Step 5: A new tab will automatically open on the screen, presenting comprehensive information about your total balance.
Steps to check NPS balance through SMS
Step 1: To check the NPS balance via SMS from a registered NPS mobile number, simply give a missed call to 9212993399.
Step 2: Within a short period of time, you will receive your account balance details via SMS on your registered phone number automatically.
The NPS is a defined contribution pension system scheme that allows people to contribute to a pension account at regular intervals throughout their employment. Upon retirement, subscribers have the option to withdraw a specific percentage of the accumulated corpus. Subscribers can use any of the aforementioned options to check their NPS balances regularly.