National Pension System (NPS) Services PRAN:
Managing Contact Details and Tracking Fund Value
The National Pension Scheme (NPS) is a voluntary, long-term retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Designed to provide financial security to individuals after retirement, NPS offers a range of services to its subscribers, including fund management, online tracking, and updates to personal information. This article discusses key services under NPS, including changing contact details, tracking fund value, and utilizing the official website for various functions.
Services Offered Under National Pension System (NPS) Services PRAN
NPS provides several services to its subscribers, ensuring easy management of their pension accounts. These include:
- Opening an NPS account: Individuals can register for an NPS account through banks, financial institutions, or online platforms.
- Contribution management: Subscribers can contribute periodically to their pension fund and choose different investment options.
- Fund management: The scheme offers various fund options managed by professional pension fund managers.
- Nomination update: Subscribers can add or modify their nominees.
- Withdrawal and annuity selection: At retirement, subscribers can withdraw a portion of their corpus and invest the remaining in annuities.
Changing Contact Number and Email ID in NPS
Keeping contact details updated is crucial for receiving important notifications and tracking fund status. Subscribers can change their registered contact number and email ID through both online and offline methods.
National Pension System (NPS) Services PRAN Online Method
Subscribers can update their contact details online via the Central Record keeping Agency (CRA) portal, such as NSDL (Protean) or KFintech.
- Visit the CRA website (NSDL: https://www.npscra.nsdl.co.in/ or KFintech: https://nps.kfintech.com/).
- Login using PRAN (Permanent Retirement Account Number) and password.
- Navigate to the ‘Update Contact Details’ section under ‘Profile Settings’.
- Enter the new mobile number or email ID and submit the request.
- Authenticate using OTP sent to the existing mobile number or email ID.
- Confirm the changes, which will be updated after verification.
National Pension System (NPS) Services PRAN Offline Method
Alternatively, subscribers can update their details offline by submitting a written request:
- Download the S2 Form from the CRA website or collect it from a Point of Presence (PoP) service provider.
- Fill in the details, including PRAN, new contact information, and reason for update.
- Submit the form to the nearest PoP or Nodal Office.
- Verification and processing will be completed within a few working days.
Tracking NPS Fund Value
Subscribers can track the value of their NPS investments and monitor returns through online portals and mobile apps.
Methods to Check Fund Value
- Through CRA Website:
- Login to the NSDL or KFintech website using PRAN and password.
- Navigate to the ‘Transaction Statement’ or ‘Portfolio Valuation’ section.
- View the latest fund value, contributions, and NAV (Net Asset Value) of the selected scheme.
- NPS Mobile App:
- Download the official NPS app (available on Android and iOS).
- Log in using PRAN and OTP.
- Check account details, fund balance, and past contributions.
- SMS and Email Alerts:
- Subscribers receive periodic updates on their registered mobile number and email ID.
- They can also request a balance statement by sending an SMS with PRAN details.
- Annual Transaction Statement:
- The CRA sends an annual transaction statement to the registered email ID, summarizing contributions and earnings.
Official Website for NPS Services
The official NPS websites provide a range of self-service options to subscribers:
- Protean eGov NSDL NPS Portal: https://www.npscra.nsdl.co.in/
- KFintech NPS Portal: https://nps.kfintech.com/
- PFRDA Official Website: https://www.pfrda.org.in/
Key Online Services Available
- Account opening and e-KYC verification
- Fund performance tracking and switching investment options
- Contribution tracking and payment history
- Withdrawal request processing
- Grievance redressal and support assistance
NPS offers a robust platform for retirement planning, with comprehensive services for subscribers to manage their accounts efficiently. By leveraging online portals and mobile applications, individuals can easily update contact details, track fund value, and access a variety of financial planning tools. Staying informed and utilizing the available digital services ensures a seamless and transparent pension management experience.