The National Pension System (NPS) is one of the most trusted investment options for retirement planning in India. It provides financial security after retirement and offers tax benefits under the Income Tax Act. NPS account holders can regularly contribute, track their investments, and withdraw funds after retirement. To manage your NPS account effectively, it is essential to download and check your NPS statement. This guide explains how to download your NPS statement online and through the mobile app.
What is an NPS Statement?
An NPS statement, also known as a Statement of Transaction (SOT), is a document that contains details of all transactions related to your NPS account. It provides the following information:
- Total investments made
- Account balance and returns earned
- Withdrawals and redemptions
- Holding value and fund details
The NPS Trust sends a physical copy of the statement to the registered address annually. However, it can also be downloaded online or through the mobile app at any time.
Why is the NPS Statement Important?
- Helps in tracking investments and financial planning
- Essential for tax-saving purposes
- Provides details of contributions, withdrawals, and fund performance
- Ensures transparency in your pension fund management
Steps to Download NPS Statement Online
Follow these steps to download your NPS statement from the official website:
- Visit the NSDL or KFintech official NPS website.
- Click on Login and enter your PRAN (Permanent Retirement Account Number) and password.
- Enter the captcha code and click on Proceed.
- Select Transaction Statement from the menu.
- Choose Holding Statement or Transaction Statement based on the details you need.
- Click on the Download button to save the statement as a PDF.
Download NPS Statement Using Mobile App
If you prefer to download your NPS statement through a mobile app, follow these steps:
- Download the NPS Mobile App from the Google Play Store or Apple App Store.
- Open the app and enter your 12-digit PRAN.
- Reset your password using OTP verification if logging in for the first time.
- After logging in, navigate to the Transaction Statement section.
- Select either Tier 1 or Tier 2 account statement.
- Click on Download to save your statement.
How to Check NPS Balance Online
You can check your NPS balance anytime online using these simple steps:
- Log in to your NPS account through the NSDL or KFintech website.
- Go to the Account Details section.
- Click on Holdings Statement to view your current balance.
- Check details like total contributions, withdrawals, and returns earned.
How to Get a Physical Copy of NPS Statement?
For those who prefer a physical copy of their NPS statement, the NPS Trust sends an annual statement to the registered postal address. If you do not receive it, you can request a printed copy by:
- Logging into your NPS account
- Selecting Request for Physical Statement
- Confirming your registered address and submitting the request
Important Points to Remember
- Your PRAN and password are required for online login.
- Keep your registered mobile number updated for OTP verification.
- Downloading the statement regularly helps in tracking your pension funds effectively.
- The NPS statement is crucial for claiming tax benefits under Section 80CCD(1) and 80CCD(1B).
By following these steps, NPS subscribers can efficiently manage their pension accounts, track their investments, and plan their retirement finances effectively.
