How to download (National Pension System) NPS statement?

Create a strong financial safety net for your retirement by investing in schemes like the National Pension System (NPS). While enrolling in NPS helps build long-term stability, regularly reviewing your NPS transaction statement is just as important to ensure your plan is progressing as expected.

In this article, we’ll guide you through the easy steps to download your NPS statement, helping you track contributions and monitor your investment growth effectively.

• NPS statement: A document summarising contributions, withdrawals, and account performance.
• Methods of access: Available via NSDL portal, NPS by Protean app, and the Umang app.
• Tax deductions: Can be used for claiming tax benefits under Section 80C.
• Account monitoring: Provides insights into the status of your NPS account, such as active or inactive.
• Investment tracking: Shows fund allocations, returns, and overall growth of the account.
• Financial planning: Helps in making informed decisions regarding retirement savings.

An NPS statement is a vital document that records the transactions, contributions, fund allocation, and the overall performance of your NPS account. It provides a detailed summary of your contributions, whether voluntary or mandatory, as well as any withdrawals or transfers made during the year. The statement helps subscribers track their investment, monitor returns, and manage their pension savings efficiently.

The NPS provides three key types of statements — Transaction Statement, Holding Statement, and Voluntary Contribution Statement.

The Transaction Statement records all activities in your account, including contributions, withdrawals, and returns. The Holding Statement shows the balance in your NPS account along with the current value of your investment units.

The Voluntary Contribution Statement captures any additional contributions you make beyond regular deposits. These statements are updated periodically and can also be downloaded anytime, ensuring complete transparency in managing your retirement savings. Moreover, they are useful when claiming tax benefits under Section 80C of the Income Tax Act.

NPS transaction statement essentials

Before downloading your NPS statement, it’s helpful to know what each section means:

• Investment Summary: Displays your total contributions, current balance, value of holdings, and overall gains or losses.
• Investment Details: Breaks down contributions across different schemes and indicates available withdrawal options.
• Contribution/Redemption Details: Lists all contributions and redemptions processed during the selected period.
• Transaction Details: Provides a detailed history of all transactions and the number of units allotted under each scheme.

How to download NPS transaction statement?

Via NSDL or KFintech Portal

1. Visit the NSDL CRA or KFintech CRA portal.
2. Log in using your PRAN (Permanent Retirement Account Number) and password.
3. Complete the captcha, check the box, and click Submit.
4. From the menu, select Transaction Statement.
5. Confirm your personal details such as name and PRAN.
6. Choose the desired financial year, quarter, and tier type.
7. Click Generate Statement to view it on screen.
8. To download, select your preferred file format from the top-right corner of the page.

Via Umang App

1. Install and open the Umang App on your phone.
2. Go to All Services → NPS.
3. Select Current Holdings.
4. Log in using your PRAN and password (IPIN) to view your holdings.
5. Tap Email Transaction Statement to receive your NPS statement as an attachment on your registered email address.

The NPS by Protean app is one of the most convenient ways for subscribers to download their transaction statement. The app is available for both Android and iOS devices and provides quick and easy access to NPS account details. This official app is designed to give NPS holders control over their accounts, including downloading transaction statements. To download your NPS statement using the app, follow these simple steps:

1. Install the app: First, download the NPS by Protean app from the Google Play Store or Apple App Store on your smartphone.
2. Log in securely: Open the app and enter your 12-digit PRAN (Permanent Retirement Account Number) and password to log into your account.
3. Select statement type: After logging in, select the type of statement you need (Tier-1 or Tier-2).
4. Initiate the download: Tap on the option to download or email the transaction statement based on your preference.
5. Access your statement: Once the statement is downloaded to your device, you can view it immediately without any password protection. However, if emailed, follow the instructions to access it.
6. Review the details: The statement will include important information such as total contributions, fund allocation, and the performance of your investments, helping you track your retirement savings effectively.

The Umang app, developed by the Ministry of Electronics and Information Technology, provides a unified platform to access various government services, including NPS. This app enables users to check their NPS balance, view holdings, and download transaction statements. The Umang app is a great option for subscribers who prefer a one-stop solution for all government-related services. Here's how you can download your NPS statement through the Umang app:

1. Download the Umang app: Begin by downloading the Umang app from the Google Play Store or Apple App Store, depending on your device.
2. Log in: Once installed, log in to the app using your PRAN (Permanent Retirement Account Number) and IPIN (Internet Personal Identification Number).
3. Search for NPS services: Navigate to the 'All Services' section and search for NPS. Select the relevant option to manage your NPS account.
4. View holdings: Click on ‘Current Holdings’ to view your account balance and current asset allocation.
5. Email statement: To download your NPS transaction statement, click on the ‘Email Transaction Statement’ option.
6. Enter email details: Provide the email address where you wish to receive your statement.
7. Download instantly: Once the email with the transaction statement is received, open it and download the attachment to your device for quick access.

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Downloading the NPS transaction statement regularly offers several significant benefits, which can help you effectively manage your retirement savings and make informed decisions for the future. Here are the key advantages:

1. Track contributions: The statement shows a detailed record of both employee and employer contributions, helping you ensure all contributions are accurately accounted for.
2. Monitor fund performance: The NPS statement includes information on the performance of the pension funds you are invested in, allowing you to assess returns and make adjustments if necessary.
3. Manage account status: The statement helps you track whether your NPS account is active, ensuring that you do not miss any contributions or benefits.
4. Fund allocation: It provides a breakdown of how your funds are allocated across various pension fund managers (PFMs), giving you a clear picture of your investment strategy.
5. Investment proof for tax benefits: The NPS statement can be used as proof of investment for claiming tax deductions under Section 80C of the Income Tax Act.
6. Withdrawal tracking: It helps you monitor any withdrawals made from your NPS account, ensuring transparency in the account’s financial activities.
7. Tax planning: By reviewing your statement, you can effectively plan your taxes, ensuring you maximize the available tax benefits related to NPS.
8. Comprehensive financial overview: The statement offers a clear overview of all your NPS-related activities, helping you plan for a secure financial future.
    

What is the password to open the NPS statement?

Once you download your NPS statement, you’ll need a password to access it. The password is typically an 8-character combination: the first four letters of your first name (add 9s if your name has fewer than four letters), followed by your date and month of birth in DDMM format.

For example, if your name is Ravi and your date of birth is 10 May, your password will be RAVI1005.

Note that the format may vary slightly depending on the portal, so it’s best to verify the exact requirements before attempting to open your statement.

Regularly downloading and reviewing your NPS transaction statement is crucial for effective retirement planning. Whether you access it through the NSDL portal, the Protean NPS app, or the Umang app, obtaining your statement is quick and convenient. Keeping track of your NPS transactions helps you monitor contributions, evaluate fund performance, and ensure steady progress toward your retirement goals.

Your NPS statement also plays an important role in claiming tax benefits and maintaining transparency in your investments. Make it a habit to review your statement periodically—this simple practice can help you make informed decisions and strengthen your financial security for the years ahead.