NPS : NPS is a reliable and safe investment option for retirement. By downloading the NPS statement, you can keep an eye on your account and avail tax benefits. It can be easily accessed from the website or mobile app.
National Pension System (NPS) is a government scheme that provides financial security after retirement. In this, people can create their pension fund by investing regularly and can also avail many benefits like tax exemption.
NPS account holders can withdraw money after retirement based on the amount deposited and the returns received on it. Apart from this, they can check the balance. They can manage the savings and increase the investment amount whenever they want.
What is NPS statement?
NPS Statement, also known as Statement of Transactions (SOT), is a document that contains a record of all the transactions related to your account. It includes.
- Investment details
- Full account status
- Information on withdrawal of money i.e. redemption
- Account Balance (Holding Value)
According to the NPS Trust, once every year its physical copy is sent to the registered address and the soft copy is also available through email.
How to download NPS statement in physical copy?
If you want to download NPS statement online, follow the steps given below.
- Visit the official website of NSDL.
- Login with username and password.
- Enter the captcha code and click on Proceed.
- Go to Transaction Statement and select Holding Statement.
- The account balance will be displayed on the screen. To download the complete statement, select Transaction Statement and click on Download button.
- Download NPS statement from mobile app
- You can also download NPS statement from the mobile app.
- Download the NPS app from Google Play Store or Apple Store.
- Enter 12 digit NPS User ID and reset password with OTP.
- After login, you will get the option to download transaction statement of Tier 1 and Tier 2 accounts.
Why is NPS statement necessary?
- Complete information about account transactions is available.
- This is an important document for tax savings.
- Helps in tracking investments and financial planning.
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