Reasons for EPF Claim Rejection & How to Re-apply

• Downloading the NPS statement helps track your investments, plan taxes, and manage your retirement savings effectively.
• Log in to the NPS website or app using your PRAN and password to download the statement.
• Use the UMANG app or DigiLocker to receive the NPS statement.
• Ensure your e-mail address and mobile number are updated for smooth access to the statement.

In today’s fast-paced and unpredictable world, saving for retirement has become more important than ever. A secure financial future ensures peace of mind during your golden years. The National Pension System (NPS) is a reliable option to build a strong retirement corpus. It offers flexibility, tax benefits, and long-term growth through diverse investment options.Keeping track of your contributions and earnings under NPS is crucial. This is where the NPS statement comes in. It provides a detailed overview of your account, including deposits, returns, and the total corpus accumulated. In this article, you will explore simple ways how to download your NPS statement and understand why it is important.

An NPS statement provides a detailed record of all transactions in your retirement account. It includes information about your contributions, investment summary, and the number of units allotted with their respective value (NAV). The statement also records transaction dates and any adjustments, such as deductions or redemptions. All these are covered under three types of NPS account statements:

• Transaction Statement
• Holding Statement
• Voluntary Contribution Statement

An NPS statement helps you track your savings progress and ensures transparency in account management. Additionally, the statement serves as proof for claiming tax benefits under Section 80C of the Income Tax Act. This makes it a crucial document for both financial planning and compliance.

Before learning about ways to download the NPS statement, let us know the importance of this statement in your financial journey:

• It provides your personal, contact, and nominee details to ensure account accuracy.
• Shows if your account is active or inactive, helping you take action if needed.
• Summarises your total contributions, returns, and accumulated pension funds.
• Lists how your funds are allocated across different schemes and fund managers.
• Includes detailed transaction history, including NAV (net asset value), units, and contributions.
• Clearly distinguishes between employer and employee contributions for easier understanding.
• Serves as proof to claim tax benefits related to NPS.
• Helps plan taxes accurately to maximise benefits.
• Contains a glossary to help you understand key terms related to NPS.

Also Read: NPS Withdrawal Online: A Step-By-Step Guide

You can download the NPS statement via any of the following three methods:

Using National Securities Depository Limited (NSDL) Portal

Here are the steps to download the statement through the NSDL portal:

• Step 1: Open the official NSDL portal .
• Step 2: Log in using your username i.e. PRAN (permanent retirement account number) and password.
• Step 3: Enter the captcha code and select 'Proceed.'
• Step 4: Navigate to 'Transaction Statement' and choose 'Holding Statement.'
• Step 5: Your account balance will be displayed. To download the full NPS statement, select 'Transaction Statement' and click 'Download.’

Using NSDL App

NPS account holders can use the official NPS app by Protean to download their statements. Below are the steps to assist in downloading the statement.

• Step 1: Install the NPS App from the Play Store or App Store.
• Step 2: Enter your user ID i.e. 12 digit PRAN.
• Step 3: Click 'Reset' to update your password using the OTP (one-time password) sent to your registered mobile number.
• Step 4: Log in and select the option to download the transaction statement for tier 1 or tier 2 accounts.
• Step 5: Choose the desired option, and the statement will download without requiring a password for access on your device.
• Step 6: In case of statement sent to e-mail, you need to open it via default password, set as per NPS guidelines.

Using the UMANG App

UMANG is a government app providing multiple online services, including NPS and EPFO (Employees' Provident Fund Organisation). It is developed by the Ministry of Electronics and IT with the Protean eGov (erstwhile National e-Governance) Division. Here’s the step-by-step guide to downloading the NPS statement via the UMANG app:

• Step 1: Download the UMANG app on your phone.
• Step 2: Log in using username and password. Search for NPS in the 'All Services' section.
• Step 3: Select 'Current Holdings' and enter your PRAN and IPIN to view your holdings.
• Step 4: To get the NPS statement via e-mail, click 'Email Transaction Statement.'
• Step 5: Go to 'Transaction Statement,' and enter your e-mail ID. The statement will be sent immediately via attachment.

Using DigiLocker

DigiLocker is a secure digital platform for retrieving your documents and certificates. To download your NPS statement from DigiLocker, follow these steps:

• Step 1: Download the DigiLocker app on your phone.
• Step 2: Give your username and password to log in.
• Step 3: Look for "PFRDA" and choose the relevant CRA.
• Step 4: Enter your 12-digit PRAN.
• Step 5: Request the CRA (Central Recordkeeping Agency) to share your statement of account.
• Step 6: Once available, download your NPS account statement.

Also Read: How to Open NPS Account: A Step By Step Guide

Regularly downloading your NPS statement allows you to keep track of your investments and manage your account efficiently. It also helps you access tax benefits and make smart decisions about your finances. Monitoring your NPS regularly ensures you are on the right path for future retirement planning.