The National Pension System encourages people to contribute to a retirement account at regular intervals during their employment. After retirement, participants can cash out a percentage of the balance. As an NPS account holder, once you retire, you receive the remaining amount as a monthly annuity.
The National Pension System (NPS) is a retirement savings program in India that was previously only available to central government employees. Starting on January 1, 2004, all Indian citizens are now able to enroll in the NPS on a voluntary basis. There are several steps you can take to check your NPS account balance. ..
Steps to Check NPS Account Balance
Once you have logged in, you will be able to access your account information and see your NPS benefits.
After you have successfully logged in, select the Transaction Statement button and then click the Holding Statement button. This will display your cumulative NPS balance as of the most recent date. ..
Transaction Statement: You can generate the details of your transactions (including your contributions) by clicking the Transaction Statement button. ..
Final Words
NPS is a pension scheme introduced by the Indian government to provide all subscribers with a regular income after retirement. The Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory authority for the NPS. To ensure that your NPS account balance is always accurate, we recommend you do the following:
- Make sure you have updated your NPS account information.
- Verify your account information with your bank or other financial institution.
- Check your account balance regularly to make sure it’s up to date and accurate.
