Curated By: Business Desk
Last Updated: September 08, 2023, 17:19 IST
After retirement, you can withdraw 60 per cent of the amount and the rest will be given as a monthly income.
Under the NPS scheme, one has to invest a certain share of salary during the tenure of their job. A person should be aged between 18 and 70 years to avail of the scheme.
Pension plans provide financial security and stability during old age when the regular source of income is disrupted or absent. The National Pension System (NPS) is a central government scheme that ensures that every individual who becomes part of this enjoys financial stability after their retirement age. It has different terms and conditions for government employees, state government employees and corporations.
Under this NPS scheme, you invest a certain share of your salary when you are working. This gets accumulated in the NPS account and after retirement, you can withdraw 60 per cent of that amount. The rest will be given by the government as your monthly income. You can check your balance in the NPS account in several ways. One of the popular mediums is the Umang App. There are other ways too if you don’t want to install this app.
Ways to check the balance in the NPS account
SMS Service
You can easily check your accumulated balance in the NPS through an SMS from your mobile phone. The primary requirement for this is to have a registered mobile number with your NPS account. You have to send a missed call to the number 9212993399 from your registered mobile number. After this, you will receive a message. It will have all the information of your NPS account. It will tell your exact balance, date and time of investment and the validity of the plan.
NSDL Portal
The National Security Depositories Limited (NSDL) is usually used for PAN registration, Aadhaar card registration and other government documents regulations. You can also check the amount of money stored in your NPS account through this. You need to log in to this website and enter your Permanent retirement account number and password. After entering the necessary captcha code, you need to click on the Holding statement option. Then click on the Transaction Statement option. The amount deposited in your account will be displayed on your screen.
Umang App
This is the easiest way to check your NPS account balance. Install the Umang app on your phone. After login, select NPS. Click on the Current Holding option. Then enter your Permanent Retirement account number and password. Your balance of the NPS account will be displayed on your screen.
