1. What is the National Pension Scheme (NPS)?

The National Pension Scheme (NPS) is a government-sponsored retirement savings scheme for Indian citizens. It is a voluntary contribution-based pension system that aims to provide financial security to individuals during their old age.

2. How can I check my National Pension Scheme balance online?

To check your National Pension Scheme balance online, follow these steps:

1. Visit the official website of the National Pension System Trust (NPS Trust).

2. Click on the “NPS Account Login” or “Account Login” option.

3. Enter your User ID, password, and the Captcha code displayed on the screen.

4. Click on the “Login” button.

5. Once logged in, you can view your NPS account details, including your balance.

3. Can I check my National Pension Scheme balance via mobile app?

Yes, you can check your National Pension Scheme balance using the mobile app “NPS by NSDL e-Gov” available on both Android and iOS platforms. Install the app, log in with your credentials, and you will be able to view your account balance.

4. Are there any charges applicable for checking the National Pension Scheme balance?

No, there are no charges for checking your National Pension Scheme balance. It is a free service provided by the NPS Trust.

5. How frequently can I check my National Pension Scheme balance?

You can check your National Pension Scheme balance as frequently as you desire. There are no restrictions on the number of times you can access your account balance.

6. Is it possible to check the National Pension Scheme balance offline?

Yes, it is possible to check your National Pension Scheme balance offline. You can do so by contacting the nearest designated Point of Presence-Service Provider (POP-SP) or through the Interactive Voice Response System (IVRS) by calling the dedicated toll-free number.

7. What information do I need to check my National Pension Scheme balance online?

To check your National Pension Scheme balance online, you will need your User ID, password, and the Captcha code displayed on the login page. Ensure you have these details handy to access your account.

8. What if I forget my NPS account login password?

If you forget your NPS account login password, you can click on the “Forgot Password” option on the login page. Follow the instructions provided to reset your password and gain access to your account.

9. Can I check the National Pension Scheme balance of my spouse or dependent?

No, you cannot check the National Pension Scheme balance of your spouse or dependent unless you have been authorized as their registered Point of Presence (PoP).

10. What is the minimum contribution required to maintain an active NPS account?

The minimum contribution required to maintain an active NPS account is Rs. 1,000 per year for Tier I accounts and Rs. 250 per year for Tier II accounts.

11. Are there any penalties for non-contribution to the National Pension Scheme?

Yes, if you fail to contribute the minimum required amount towards the National Pension Scheme, your account may become dormant. A dormant account may attract penalties, and it will not be eligible for certain benefits.

12. Can I contribute to my National Pension Scheme account online?

Yes, you can contribute to your National Pension Scheme account online by logging into your account on the official website. The online contribution facility is available through net banking, credit/debit card, and other payment gateways.

13. How frequently can I contribute to my National Pension Scheme account?

You can contribute to your National Pension Scheme account at your convenience. There are no restrictions on the frequency of contributions. You can choose to make regular monthly contributions or contribute intermittently.

14. Can I withdraw the complete balance from my National Pension Scheme account?

No, complete withdrawal of the National Pension Scheme balance is not allowed. The scheme is designed to provide regular income during retirement. However, there are provisions for partial withdrawals under specific circumstances, subject to certain conditions.

15. Can I check my National Pension Scheme balance using my Aadhaar number?

Yes, you can check your National Pension Scheme balance using your Aadhaar number. Visit the official website or mobile app, choose the “Login with Aadhaar” option, enter the required details, and you will be able to view your account balance.

16. How secure is the National Pension Scheme online portal?

The National Pension Scheme online portal follows stringent security measures to safeguard user data. It uses encryption protocols, secure socket layer (SSL) technology, and multi-factor authentication to ensure the confidentiality and integrity of user information.

17. Are there any tax benefits associated with the National Pension Scheme?

Yes, contributions made to the National Pension Scheme are eligible for tax benefits under Section 80CCD(1), Section 80CCD(2), and Section 80CCD(1B) of the Income Tax Act, 1961. However, withdrawals or annuities received are subject to taxation as per the prevailing tax laws.

18. How can I update my contact details registered with the National Pension Scheme?

To update your contact details registered with the National Pension Scheme, you can log in to your account, go to the profile section, and make the necessary changes. Ensure that you provide accurate and up-to-date contact information to receive important notifications.

19. Can I change my nominee details for the National Pension Scheme?

Yes, you can change your nominee details for the National Pension Scheme by logging into your account and accessing the nominee section. Follow the given instructions to update your nominee information.

20. How can I switch between different fund managers under the National Pension Scheme?

To switch between different fund managers under the National Pension Scheme, you can log in to your account, go to the switch option, and select the desired fund manager from the available options. Please note that switching may attract certain charges.

21. Can I check the performance of my National Pension Scheme investments?

Yes, you can check the performance of your National Pension Scheme investments by logging into your account and accessing the investment details section. The portal provides information about your asset allocation and the returns generated by your investments.

22. Are there any investment restrictions under the National Pension Scheme?

Yes, there are certain investment restrictions under the National Pension Scheme. For instance, there are prescribed limits on equity exposure depending on the age of the subscriber. These restrictions ensure a balanced and diversified investment approach.

23. Can I contribute to both Tier I and Tier II accounts under the National Pension Scheme?

Yes, you can contribute to both Tier I and Tier II accounts under the National Pension Scheme. However, Tier II accounts offer more flexibility and function more like a savings account, allowing for quick withdrawals.

24. Can NRIs (Non-Resident Indians) check their National Pension Scheme balance?

Yes, NRIs can check their National Pension Scheme balance online by logging into their NPS account using their credentials. The online portal allows NRIs to access and manage their NPS account hassle-free.

25. What should I do if I find any discrepancies in my National Pension Scheme balance?

If you notice any discrepancies in your National Pension Scheme balance, such as incorrect contributions or missing transactions, you should immediately contact the designated Point of Presence (PoP) or the NPS Trust helpline. They will assist you in resolving the issue and ensuring the accuracy of your account balance.