How to read NPS transaction statement
The first section holds subscriber details such as personal details, contact details, nominee details and the subscriber’s nodal office details.
The first section holds subscriber details such as personal details, contact details, nominee details and the subscriber’s nodal office details. It also captures status of both the NPS accounts (Tier 1 and Tier 2)—whether active or inactive.
This section gives a snapshot of the investment holding in NPS. It gives the total contribution made, total pension amount as on a particular date and return generated during that period. This section also mentions the scheme details with percentage of allocation to each Pension Fund Manager (PFM).
This section provides a breakup of the total investment PFM wise. It shows contribution, total unit credit, latest NAV and XIRR returns on the investment during the period.
In this section, the subscriber will get details of contributions and redemptions made during the particular period. This section specifi cally mentions the employer and employee contribution.
The subscriber will find a summary of all transactions carried out during the period in this section. Transaction details are given PFM wise with details of contribution amount, NAV and units allocated.
Point to note
- Transaction statement is the document that can be a proof of investment for seeking tax benefits applicable to NPS.
- The statement also has a notes section, which explains the terms used in the statement.
(The content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)