How to Check Your NPS Balance Online

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Managing your finances effectively involves keeping track of various accounts and investments. One crucial aspect of financial planning is monitoring your National Pension System Scheme (NPS) balance. The NPS is a retirement savings scheme offered by the Government of India, designed to provide financial security during your post-retirement years.

Whether you are a seasoned investor or just starting to contribute to your NPS account, knowing how to check your NPS balance is essential. Here’s a detailed guide to help you navigate this process.

What is the National Pension System (NPS)?   

The National Pension System (NPS) is a government-backed retirement savings scheme in India, designed to provide financial security to its subscribers during their old age.

It operates on a defined contribution basis, where individuals contribute regularly towards their pension account during their working life. These contributions are invested in various market-linked instruments to generate returns over time.

The scheme is open to all Indian citizens, including non-resident Indians (NRIs), and offers tax benefits under specific provisions of the Income Tax Act. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

Types of NPS Accounts

1. Tier-I Account: This is a mandatory account where contributions are regularly made by the subscriber. Withdrawals are allowed under specific conditions such as retirement or after a certain age.
2. Tier-II Account: This is a voluntary savings account that offers more flexibility in terms of withdrawals. However, it requires an active Tier-I account to be opened first.

How to Check NPS Balance Via Different Online Methods

To effectively manage your National Pension System (NPS) and ensure your retirement savings are on track, it's crucial to regularly check your NPS balance. Here’s a comprehensive guide on how to check your NPS balance through online and app methods, specifically using ICICI Bank's platforms:

How to Check NPS Balance via ICICI Net Banking

Follow the below steps to check NPS Balance through Net Banking: 

1. Open/Log in to the ICICI Bank Net Banking.
2. Once logged in, Click on "Investment and Insurance" on the top app drawer option/section.
3. Select "National Pension System" and select your NPS Scheme account & Click to view National Pension System Portfolio & Contribution.
4. Select NPS Tier 1 or Tier 2.
5. Scroll down and find the “download statement” option and click on it.
6. Select the “financial year” and “financial year quarter”.
7. After that, you check your NPS Scheme Balance Online or,
8. Click the “Download statement” button to download the statement.

How to Check NPS Balance via ICICI iMobile Pay App

Follow the below steps to check NPS Balance through ICICI iMobile Pay App: 

1. Open/Log in to the ICICI Bank Net Banking.
2. Once logged in, Click on "Invest and Insure" on the top app drawer option/section.
3. Find and Click on the ‘PPF/NPS/Gold Bond
4. Select "Instant NPS" and select your NPS Scheme account & Click to view National Pension System Scheme Portfolio & Contribution.
5. Select NPS Tier 1 or Tier 2.
6. Scroll down and find the “download statement” option and click on it.
7. Select the “financial year” and “financial year quarter”.
8. After that, you check your NPS Scheme Balance Online or,
9. Click the “Download statement” button to download the statement.

The steps to download the NPS statement are the same for the ICICI Bank iMobile Pay app and ICICI Bank Internet Banking.

Faqs

What is an NPS portfolio?

An NPS portfolio refers to the allocation of funds across various asset classes in the National Pension System (NPS), such as equities, corporate bonds, and government securities. This portfolio balances risk and returns, helping individuals build a substantial retirement corpus.

How to check your NPS portfolio?

Here’s how you can check your ICICI Bank NPS portfolio:-

Through the Internet Banking

1. Log in to ICICI Bank Internet Banking using your credentials.

2. Go to the ‘Investment & Insurance’ section.

3. Select your NPS Account and scheme (Tier 1 or Tier 2).

4. View portfolio details or download the statement.

Through the iMobile App

1. Log into the iMobile app.

2. Go to the ‘Invest’ section and click on ‘NPS’.

3. Select your NPS Account and scheme (Tier 1 or Tier 2) and view your portfolio.

Conclusion

Managing your National Pension System (NPS) account effectively is crucial for securing your financial future. Whether, regularly monitoring your NPS balance ensures you stay informed about contributions and growth. With user-friendly platforms like ICICI Bank's iMobile Pay app and Net Banking, accessing and managing your NPS account has never been more convenient, empowering you to plan confidently for retirement.

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