How to Check Your NPS Balance

• NPS is a government-backed retirement savings scheme for Indian citizens.
• Checking your NPS balance helps you track progress and plan for retirement.
• You can check your NPS balance online via the NSDL website or app.
• You can also check your NPS balance via missed calls or email alerts.

Investing is crucial for securing your future and achieving long-term financial goals. There are several options that facilitate that for you in India, such as the National Pension System (NPS).NPS is a reliable solution, offering a disciplined way to save for retirement. Regularly checking your NPS balance helps you stay informed about your savings, track your progress, and make informed investment decisions to achieve a secure future.In this article, we will explore multiple ways how to check NPS balance effectively.

The National Pension System (NPS) is a retirement savings plan supported by the government. It has been designed for long-term financial planning. It allows individuals to invest systematically and build a retirement corpus.Managed by the Pension Fund Regulatory and Development Authority (PFRDA), this scheme provides various perks like tax benefits and adjustable investment choices.Here's a brief overview:

Types of NPS Accounts

Tier-I Account A mandatory account with withdrawal restrictions, meant for retirement savings. Contributions to the account qualify for additional deduction under Section 80CCD (1B). Tier-II Account A voluntary account with more flexibility and no withdrawal restrictions. However, it does not offer tax benefits.

Investment Options for Asset Allocation

• Active Choice : You decide how much to invest in equity, corporate bonds, and government securities.
• Auto Choice : You choose from one of the three pre-defined portfolios as per your risk preference.

EPF to NPS Transfer: Step by Step Guide to Transfer Online Also Read: -

Withdrawal Limits

For Tier-I Accounts, up to 60% of the corpus can be withdrawn at retirement, tax-free. The remaining 40% must be used to buy an annuity, ensuring a regular pension.Since Tier-II accounts are optional savings accounts, they can be used for withdrawing money anytime as per your need.Now that we have covered the basics of NPS, let’s discover how to check the NPS balance. Also Read - NPS Income tax deductions under section 80CCD

To check your NPS balance, you need the following:

NPS Account Number

This is a unique identification number generated once you register for NPS.

PRAN (Permanent Retirement Account Number)

As the name suggests, this is a unique 12-digit number given to every NPS subscriber.

Internet Access

This is required for online checks through the website or app.

Registered Mobile Number & Email ID

You need them to receive balance updates via SMS or email.

Here are how you can check your NPS balance online and the steps associated with each process:

CRA Portal

There are a few CRA (Central Recordkeeping Agencies) portals like Protean, CAMS, or Kfintech. Login to the portal that has granted your PRAN to check your balance. The process is as follows:

• Step 1 - Enter your PRAN, user ID and password to log in to your NPS account.
• Step 2 - Make sure to enter the captcha correctly and check the ‘I understand that’ box.
• Step 3 - Once logged in, select ‘Holding statement’ under the ‘Transaction statement’ section. This will show your total NPS balance.

CRA App

You can also use the mobile application of your CRA and check the balance. The process is as follows:

• Step 1 - Use the Apple App Store or Google Play Store to download your CRA App used for investment.
• Step 2 - Enter your PRAN and password to log in to the account.
• Step 3 - Go to the ‘Balance’ section to check your NPS balance.

UMANG App

The Unified Mobile Application for New-age Governance (UMANG) app is a government app offering various e-services, including NPS balance checks. To check your NPS balance on UMANG, follow these steps:

• Step 1 - Download and open the UMANG app.
• Step 2 - If you are new, register using your mobile number. Otherwise, give your login details.
• Step 3 - Search for ‘NPS’ in the app.
• Step 4 - Select ‘Current holding’. Enter your NPS login details i.e. PRAN and password.
• Step 5 - View your total NPS balance.

In addition to checking your balance, the app lets you update your email and phone number, withdraw from your Tier II account, and access other services.

If you want to check the balance through your phone, you can do so through a missed call. The steps are as follows:

• Step 1 - Visit the NSDL website or open the NPS app.
• Step 2 - Log in using your PRAN and password.
• Step 3 - Go to ‘Profile Settings’ and register for ‘Missed Call Alerts’ with your mobile number.
• Step 4 - Call 18002100080 from the registered number to get your NPS balance via a return call.

There is a facility to check your NPS balance through email alerts. The process is as follows:

• Step 1 - Log in to the NSDL website or NPS app with PRAN and password.
• Step 2 - Go to ‘Profile Settings’ and update your email address.
• Step 3 - Confirm your email by clicking on the link sent to your inbox.
• Step 4 - Receive your NPS statement annually by email. You can also request additional statements online.

Knowing how to check your NPS balance is essential for tracking your retirement savings. You can easily view your balance via various methods like online portals, mobile apps, missed calls, and email alerts.Regularly checking your NPS balance helps you stay informed and manage your investments better. Choose the method that works best for you and keep your pension account updated today to experience stress-free retirement later.