The NPS or the National Pension Scheme was launched in 2004 by the government.
The scheme offers a large variety of investment options to employees. The major objective of NPS is to ensure that the country's citizens would earn a stable income in their retirement which helps them to earn a good return on their investment.
Under this scheme, the person can accumulate a pension fund over a long period so that after retirement, he or she can draw an income from that fund. The NPS subscriber can avail many income tax benefits for his or her contributions towards NPS.
Know how to do NPS balance/statement check through app:
UMANG or Unified Mobile Application for New-age Governance, is a Government of India all-in-one single unified, secure multi-channel multi-platform multi-lingual multi-service freeware mobile app. The app can be used for accessing over 1,200 central and state government services in multiple Indian languages over Android, iOS, Windows, and USSD (feature phone) devices.
The major services including Aadhaar, DigiLocker, Bharat Bill Payment System, PAN, EPFO services, PMKVY services, AICTE, CBSE, tax, and fee or utility bills payments, education, job search, passport services, etc. EPFO and NPS services are available on UMANG platform. 6 Government Backed Investment Schemes For Best Return And Less Risk
How to check NPS balance?
- Download the UMANG app from play store
- Log in to the app
- Search for NPS and then key in your login.
The user can check the current holdings, account details, recent contributions using this app. You can also apply for the change in the address some of the services using this app. Also, you can change the schemes under NPS using this app. How To Open A National Pension Scheme (NPS) Account Online?