Download Your National Pension System (NPS) Statement: A Simple Guide

The National Pension System (NPS) is a secure and reliable investment option designed to ensure financial stability after retirement.

By downloading your NPS statement, you can easily track your account’s performance and enjoy tax benefits. Accessing your NPS statement is quick and straightforward via the website or mobile app.

This government-backed scheme allows you to build your pension fund through regular contributions, offering various benefits like tax exemptions and long-term financial security.

Key Features of the NPS Statement

The NPS Statement, or Statement of Transaction (SOT), is a comprehensive document that provides an overview of all the activities related to your NPS account. It includes:

• Investment Details: A summary of all investments made.
• Account Status: Real-time information about your account’s health.
• Withdrawal Information: Details of any funds withdrawn or redeemed.
• Account Balance: The total holding value of your NPS account.

As per the NPS Trust, a physical copy of the statement is mailed annually to the registered address, while a digital version is also sent to your email for convenience.

How to Download Your NPS Statement Online

To download your NPS statement, follow these simple steps:

Via the NSDL Website:

1. Visit the official NSDL website.
2. Log in with your username and password.
3. Enter the captcha code and click Proceed.
4. Navigate to the Transaction Statement section.
5. Choose Holding Statement to view your balance.
6. To download, select Transaction Statement and hit the Download button.

Downloading via the Mobile App:

You can also easily download your NPS statement through the official NPS app. Here’s how:

1. Download the app from Google Play or Apple App Store.
2. Enter your 12-digit NPS User ID and reset the password via OTP.
3. After logging in, select Transaction Statement for both Tier 1 and Tier 2 accounts.

Why Is the NPS Statement Important?

Your NPS statement is more than just a document; it is an essential tool for managing your investments and tax savings. Here’s why it matters:

• Comprehensive Transaction Overview: Keeps you informed about all the activity in your account.
• Tax Savings: Helps in planning for tax exemptions, making it a valuable document at the time of tax filing.
• Investment Tracking: Allows you to monitor the growth of your retirement fund.

How to Access Your NPS Statement

There are two main methods to access your NPS statement:

1. Via the Central Recordkeeping Agency (CRA) Portal:

• Visit the CRA portal of your NPS account provider.
• Log in using your Permanent Retirement Account Number (PRAN) and password.
• After logging in, go to the NPS Statement section to download your statement.
• CRA also emails your statement periodically for easy access.

2. Via DigiLocker:

• Register for DigiLocker using your mobile number or Aadhaar.
• Log in with the OTP sent to your mobile.
• Search for PFRDA in the DigiLocker and select your CRA.
• View or download your NPS statement for both Tier 1 and Tier 2 accounts.

Typically, your NPS statement will be password-protected. Use the password provided in the email accompanying the statement to unlock it.

Read Also:- 8th Pay Commission Pension Calculator, How Much Will Your Pension Increase After the 8th Pay Commission?

Latest Update: NPS Statement Integration with CAS

The Pension Fund Regulatory and Development Authority (PFRDA), in collaboration with the Securities and Exchange Board of India (SEBI), has introduced an integration of the NPS Statement of Transaction (SOT) with the Consolidated Account Statement (CAS).

Now, NPS subscribers can view their NPS market values alongside other personal investments and Mutual Fund holdings in a unified statement. Here’s what you need to know about this update:

• PFRDA enables all Central Recordkeeping Agencies (CRAs) to integrate NPS transactions with depositories registered with SEBI.
• You can opt to have your NPS details included in your CAS by visiting your CRA’s portal.
• There is a small fee for receiving the integrated NPS statement: ₹1 for a physical copy and 10 paise for a digital copy.

How to Integrate Your NPS Details in CAS

If you wish to include your NPS transactions in your CAS, follow these steps:

1. Visit your CRA’s NPS portal and log in with your PRAN and password.
2. Authenticate the login request with the OTP sent to your mobile.
3. Select the option to include NPS details in CAS.
4. Fill in your PRAN, PAN, and Date of Birth along with other required information.
5. Review and accept the consent declaration, then submit it.

Once completed, your NPS transaction details will appear in your CAS starting the following month.

Conclusion:

Downloading and managing your NPS statement is crucial for monitoring your retirement savings and taking full advantage of tax exemptions.

Whether through the website, mobile app, CRA portal, or DigiLocker, it’s easy to stay updated on your NPS account.

Additionally, the latest integration with CAS ensures a more convenient way to track all your investments in one place.

Make sure to regularly download and check your NPS statement to ensure your future financial security.