An NPS subscriber can check his/her contributions, transaction details, and the division of holdings using the NPS statement. To get an NPS statement, choose your CRA (Protean, CAMS or KFintech), sign in with your NPS credentials, get authenticated, and open the Transaction Statement section.
The following guide will explain how to download NPS transaction statement online . In addition, an NPS subscriber can check out a few other methods if they are unable to download an NPS statement on their own.
What Is an NPS Statement?
What is an NPS transaction statement? An NPS transaction statement, also referred to as a Statement of Transaction (SOT), is a document that contains the details of transactions, including contributions and withdrawals of NPS subscriber funds. The statement is necessary for checking the growth of one’s retirement savings, cross-verifying the contributions, and maintaining the records of the NPS account. It is issued by the subscriber’s CRA and is available at the CRA’s portal.
An NPS transaction statement contains information such as:
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Subscriber’s personal details and PRAN
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Contributions made to the NPS in Tier I and Tier II
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Full transaction history for a particular period
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Units of the subscriber’s choice
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Allocation of subscriber’s contribution
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Pension fund manager’s information
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Subscriber’s account value and holdings
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Returns earned on the subscriber’s NPS, including XIRR
What Do I Need to Download an NPS Statement?
To download an NPS transaction statement, the subscriber will need:
• One’s personal details, including the PRAN and password for the NPS login
• Mobile number to receive an OTP if needed
• The CRA name for one’s NPS account (Protean, CAMS, or KFintech)
• An active internet connection to visit the CRA site
How To Download NPS Statement Online?
- Know Your NPS CRA
Firstly, determine which Central Recordkeeping Agency manages one’s NPS account. Depending on the CRA type, a subscriber will be sent to a different website.
- Open a Page for Subscriber Login
Next, visit the subscriber login page for whichever CRA you choose in step 1.
- Enter Your Credentials to Access Your Account
Then, sign in using your PRAN or user ID and password.
- Authenticate by Entering an OTP
After that, go through the authentication process by entering an OTP received via SMS or email, if needed.
- Open the Statement of Transaction
Subsequently, select the option to view the Statement of Transaction on the CRA site.
- Choose the Period Covered by the Statement
The subscriber will then see the option to choose the financial year, quarter, and account tier for the NPS statement, if not selected by default.
- Download the NPS Statement
Finally, generate the NPS transaction statement and save it on your device in the preferred file format.
How To Download NPS Statement Through Protean CRA?
Many NPS subscribers continue using the old NSDL website, so the Protean portal for download NPS statement transaction is described separately. To download the NPS statement from Protean CRA, you need to visit the subscriber’s transaction portal . As of now, the Protean CRA website is at cra.nps-proteantech.in , having moved from its previous domain cra.nsdl .com .
Log in using your subscriber’s PRAN and password, complete the authentication, and locate the Statement of Transaction option. Choose the financial year and the account tier on the statement, and download your NPS transaction statement from this portal.
How To Download NPS Statement Using the NPS Mobile App?
Can I download my NPS statement on mobile? Yes, the subscriber can download their NPS statement through the NPS by Protean mobile app . Alternatively, the Umang mobile app allows the user to log in with their PRAN and password to view their account details. Within this app, there is also the option to email one’s NPS statement as an attachment.
Can You Receive an NPS Statement by Email?
Yes, a subscriber can view their NPS statement sent to their email. An Annual Transaction Statement is usually sent as a soft copy within a couple of months after the end of the financial year. Furthermore, those who wish to have only electronic records may choose to go completely paperless and receive their Annual Transaction Statement only by email. However, a physical copy of the Statement of Transaction is sent to the subscriber’s address for the convenience of those who do not wish to go paperless.
How To Download NPS Contribution Proof?
How can I download NPS contribution proof? Log in to one’s NPS account via the CRA website and download the Statement of Transaction or Statement of Voluntary Contribution, specifying the contribution made in the relevant period. Such a statement is necessary for tax deduction purposes, as it highlights the subscriber’s contribution to their NPS account.
Note that a complete Statement of Transaction is different from the Statement of Voluntary Contribution as the latter emphasizes the amount of voluntary contributions, which are the ones eligible for tax benefits.
What Is the Password to Open an NPS Statement?
Typically, if an NPS subscriber receives their statement in PDF format by email, it may be protected by a password based on the CRA’s standard. However, there is no particular rule for the password, and it may vary depending on the statement’s format and the CRA. It is best to find out the exact password from the CRA office or determine which pattern they may be using to create the password.
What To Do If You Cannot Download Your NPS Statement?
If you are unable to download your NPS transaction statement, check the following:
Incorrect PRAN: Make sure that the Permanent Retirement Account Number (PRAN) you entered is correct. It is advisable to double-check it from your welcome kit or other official letters from CRA.
Forgotten login password: In this case, try using the option to reset the password or retrieve the forgotten I-PIN.
No OTP received: Check if your mobile phone is switched on and whether your mobile number is registered with the CRA.
Wrong CRA: Before logging in try determining which CRA manages your NPS account.
Outdated mobile or email number: Updating your contact information with the CRA is necessary to receive OTP.
Issues with a portal or browser: Try downloading the NPS statement using another browser or even a mobile application.
What Are the Benefits of Checking Your NPS Statement?
An NPS subscriber should check their account statement in order to verify that their contributions are reflected correctly, as well as track their full transaction history, see the allocation of holdings, determine their account value, check the returns, and correct errors if any.
Conclusion
Downloading the NPS transaction statement is not difficult, and most of the problems arise due to confusion between various CRAs and account tiers. Once an NPS subscriber determines which Central Recordkeeping Agency manages their account, they can log in with their PRAN and password to the portal, go to the Statement of Transaction section, choose the period, and download their transaction statement.
Frequently Asked Questions About NPS Statement
1. How can I download my NPS transaction statement online?
To download the NPS transaction statement online, log on to the CRA site (Protean, CAMS, or KFintech), enter your credentials, choose the Statement of Transaction option, indicate the period, and save the statement on your device.
2. Can I download my NPS statement using PRAN?
Yes, as a subscriber’s PRAN is the key to logging in and downloading the NPS transaction statement.
3. Can I download an NPS statement for a specific financial year?
Yes, most often the option to choose the year for which the NPS statement should be generated is available.
4. How can I download proof of my NPS contribution?
After logging in to the NPS account on the CRA site, download the Statement of Voluntary Contribution or the complete Statement of Transaction, specifying the contribution to the NPS account. This information is required for tax deduction purposes.
5. Can I receive my NPS statement by email?
Yes, as a subscriber, you can either choose to receive an Annual Transaction Statement or opt for going paperless and getting the NPS statement sent directly to your email address.
6. What should I do if I forget my NPS password?
If you have forgotten the password for your NPS account, use the option to “forgot password” or “reset password” and follow the instructions to generate a new I-PIN for your account.
7. Can Corporate NPS subscribers download their transaction statement?
Yes, the transaction statement for Corporate NPS subscribers is also available for download on the CRA site after logging in with your PRAN. In addition, the statement is required for tax deduction purposes.
Disclaimer
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns under NPS are subject to market risk and are prone to fluctuation depending on the state of the Financial market.
Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to the schemes of DSP Pension Fund Managers Private Limited. Tax laws are subject to change.
