How to download NPS transaction statement? | ICICI Bank Guide

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The National Pension System (NPS) is a retirement planning scheme that helps account holders save money for retirement. The subscribers regularly contribute to their accounts to build a corpus and grow wealth with compounding interest. Since it is a long term savings plan, monitoring the account and ensuring transactions is crucial. The NPS transaction statement contains information about different transactions executed in your NPS account. 

What is an NPS transaction statement?

The NPS transaction statement records various transactions taking place in your NPS account. You can find crucial information about your account in the document including your investments, redemption details, account management and investment summary. The statement serves as proof for claiming tax benefits under the NPS.

Primarily, there are three types of NPS account statements:

1. Transaction statements
2. Holding statements
3. Voluntary contribution statements

Benefits of Downloading NPS Transaction Statement:

• Comprehensive Subscriber Overview: Access personal, contact, nominee, and nodal office details, plus clear account status to take timely action.
• Detailed Investment Summary: Get real-time insight into your total contributions, accumulated pension wealth, and returns, giving you a transparent view of your investment performance.
• Precise Fund Allocation Insights: Understand your pension fund's diversification with allocation percentages across Pension Fund Managers (PFMs) for smarter decision-making.
• In-depth Breakdown of Contributions: Track individual contributions, units, XIRR, and NAV returns across different PFMs to optimize your investment strategy.
• Clear Employer vs. Employee Contributions: Easily differentiate between contributions, helping you track personal and corporate inputs.
• Complete Transaction Breakdown: Get a full view of your PFM-wise NAV, allocated units, and contributions, offering better control over your portfolio.
• Proof for NPS Tax Benefits: Use the statement as verified proof to claim corporate NPS tax benefits.
• Simplified Terminology: The integrated glossary helps decode complex NPS terms, making your financial management more accessible.

Why should you learn how to download an NPS statement?

1. The statement provides complete details about the NPS subscriber including personal, nodal office, nominee and contact details.
2. The document will help you determine whether the NPS account is active or dormant and take the appropriate action.
3. The investment summary showcases the total contribution, returns generated and the amount accumulated to date or during a period.
4. The statement mentions the allocation of percentage to different Pension Fund Managers (PFMs), giving a clear picture of your NPS fund allocation. It also includes a breakdown of the total allocation to each PFM, total units credited, contributions, Net Asset Value (NAV) and Extended Internal Rate of Return (XIRR) during a period.
5. With total NPS contributions and redemptions, you can view employer and employee contributions in the document.
6. The document summarises all account transactions during a period, including unit allocation, contribution amount, PFM wise NAV details etc.
7. After downloading, you can use the NPS statement as investment proof to avail tax
8. The statement contains a glossary of essential terms about the NPS.

You can choose any of these methods to download the NPS statement.

How to download NPS statements through ICICI Bank Net Banking

Visit the ICICI Bank website to download your NPS statement. These are the steps to follow:

1. Log in to your ICICI Bank Net Banking account
2. Click on ‘Investment and Insururance’
3. Click on the ‘National Pension System’ option
4. Select your NPS account to view the National Pension System portfolio & contributions
5. Select ‘NPS Tier 1’ or ‘Tier 2’
6. Click on the ‘Download statement’ option
7. Select the ‘financial year’ and ‘financial year quarter’
8. Click on the ‘Download statement’ button to download the statement.

How to download NPS statements from the iMobile Pay app

1. Log in to the iMobile app
2. Click on ‘Invest’
3. Click on ‘NPS’ and select your NPS account to view the National Pension System portfolio & contributions
4. Select ‘NPS Tier 1’ or ‘Tier 2’
5. Click on the ‘Download statement’ option
6. Select the ‘financial year’ and ‘financial year quarter’
7. Click on the ‘Download statement’ button to download the statement.

What is the password to open the NPS statement?

After successfully downloading the NPS statement, you will be able to open it with a password. You must enter an 8-character password to view your statement. The first four letters of your password are the first four letters of your first name (if your first name is shorter than four characters, add 9) followed by your date and month of birth (in DDMM format).
These are the general requirements for the password. Always check for a specific password format on the respective portal to ensure you can access your statement without issues.

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