How to Check NASFUND Balance on Mobile Phone Using 627

As a NASFUND member, it's essential to keep track of your superannuation balance to plan for your future retirement. One of the easiest ways to do this is through your mobile phone. NASFUND has introduced a convenient way for members to access their account balances using their mobile phones through a USSD code, 627. 

In this article, we will guide you through the process of checking your NASFUND balance on your mobile phone using 627.

Step-by-Step Guide to Checking Your NASFUND Balance using 627

• Dial *627# on your mobile phone's dial pad.
• Press the 'call' or 'send' button to initiate the USSD code.
• You will be prompted to enter your NASFUND membership number. Type in your membership number and press 'send'.
• You will be asked to enter your date of birth in the format of DDMMYYYY. For example, if your date of birth is 1st January 1990, you would enter 01011990. Press 'send'.

Alternatively, you can initiate the 4 steps in one go as shown in the video:

The USSD code will then display your current NASFUND balance on your mobile phone screen.

A network fee of 10t will be charged to your phone.

Important Notes to Remember

You must have a mobile phone that is compatible with USSD codes and has an active connection to use this service.

Make sure that you have a sufficient credit balance on your mobile phone to avoid any issues with the transaction.

The USSD code service is available 24/7, but standard network charges may apply.

If you encounter any difficulties while checking your NASFUND balance using 627, you can contact the NASFUND Members Office for assistance.

NASFUND Balance Check

Checking your NASFUND balance using your mobile phone is a quick and convenient way to keep track of your superannuation savings. 

The USSD code service provided by NASFUND is easy to use and can be accessed from anywhere and at any time. By following the step-by-step guide outlined in this article, you can check your NASFUND balance on your mobile phone using 627.

 It's essential to keep track of your NASFUND balance regularly to ensure that you are on track towards achieving your retirement goals.

NASFUND Online Portal: How to Get the Help You Need

NASFUND is Papua New Guinea's largest and most successful superannuation fund, providing secure retirement benefits for over 620,000 members. 

As part of its commitment to providing accessible and convenient services, NASFUND offers a user-friendly online portal for its members, which provides easy access to their account information and other services. 

In this article, we will guide you through the process of registering for and logging into the NASFUND Online Portal, and highlight the benefits of using this platform.

Find out how to check you NASFUND balance using mobile phone, click here

How to Register for the NASFUND Member Portal

Before you can access the NASFUND Online Portal, you need to be a member of NASFUND. If you are not yet a member, you can join by completing an application form and submitting it to your employer or directly to NASFUND. Once you are a member, you can follow these steps to register for the NASFUND Online Portal:

Go to the NASFUND website at www.nasfund.com.pg

Click on the 'Member Login' button at the top right-hand corner of the page

Click on the 'Register' button on the login page

Enter your member number, date of birth, and email address

Create a username and password

Agree to the terms and conditions

Click 'Register' to complete the process

How to Login to the NASFUND Online Portal

Once you have registered for the NASFUND Online Portal, you can log in using the following steps:

Go to the NASFUND website at www.nasfund.com.pg

Click on the 'Member Login' button at the top right-hand corner of the page

Enter your username and password

Click 'Login' to access your account

If you forget your username or password, you can click on the 'Forgot Username' or 'Forgot Password' links on the login page and follow the prompts to reset your credentials.

Benefits of Using the NASFUND Members Online Portal

The NASFUND Online Portal provides a range of benefits for its members, including:

Access to account information: Members can view their account balances, transaction history, and other details at any time from anywhere.

Online transactions: Members can use the portal to update their personal information, nominate beneficiaries, and make online contributions.

Secure communication: Members can use the portal to send secure messages to NASFUND, which helps to protect their personal information.

Convenience: Members can access their account information and services at any time and from anywhere, making it easy to manage their superannuation.

Contact NASFUND Members Office

If you encounter any difficulties with registering for or logging into the NASFUND Online Portal, you can contact the NASFUND Members Office for assistance. You can reach them by phone at 1599 or by email at memberservices@nasfund.com.pg.

Conclusion

The NASFUND Online Portal is a convenient and secure platform for NASFUND members to manage their superannuation. By following the simple registration and login steps outlined in this article, members can easily access their account information and use a range of services online. With its user-friendly interface, secure communication features, and round-the-clock accessibility, the NASFUND Online Portal is an essential tool for managing your retirement savings.

How to Access NASFUND Online Services

NASFUND contributors can access the on-demand services it provides to its members online. It an effort to reduce the long queues at its branches nationwide, the PNG workers Superfund has gone online.

Find out how to check you NASFUND balance using mobile phone, click here

Three ways to access NASFUND services:

1. Call 1588
2. Members login with credentials 
3. Employer Login

How to check your NASFUND balance 

NASFUND members portal 

Members to access information on superannuation contributions, balance statements, loan eligibility, housing advances and more.

NASFUND Employer portal

This portal is for the employer's HR department or payroll section to access and remit their employees fortnightly superannuation contributions.

NASFUND online withdrawal 

For members who are eligible to withdraw their NASFUND savings.

How to access NASFUND portals

Members,  employers and contributors can access the members and employees portal via the official website at nasfund.com.pg

Whereas, eligible members who want to withdraw their savings can email their NASFUND savings withdrawal application form to e-withdrawals@nasfund.com.pg

Visiting NASFUND branch

For members planning to visit any NASFUND office in the country must go Covid19 prepared. You must wear masks. 

NASFUND will not let members into their office if they do not wear masks.

Below is a NASFUND info flyer for more information.

Do you have accounts with Nasfund, Kina Bank, BSP or into POM stock exchange? Check out the latest Financial News, Savings and Loans, and Superannuation updates on PNG Insight.

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NASFUND Member Benefits and Interest

The magic of compound interest.

NASFUND members should take advantage of the benefit of compound interest while contributing towards their retirement savings. 

Source: NASFUND Facebook | 23rd March 2019

Chief finance officer, Rajeev Sharma said that the benefit of compound interest can be seen when NASFUND member does not withdraw funds for the long term. 

Compound interest will further grow member's balance if the  member increases an additional amount from the normal mandated contributions of the member or employer contributions.

Find out how to check you NASFUND balance using mobile phone, click here

In an example of a member who has contributed for 30 years.

The illustration below shows the benefit of increasing one’s contribution through voluntary contribution of K50 and K150 with an assumed average return of interest of 5% for the period of 30 years. 

Additional Contribution (K) 

10yrs    20yrs       30yrs          

K50      K7736      K20, 339   K40, 866

K150   K23,207    K61,007    K122,579

A member who increases an additional contribution of K50 for the next 30 years will have a total additional balance of K40,866, out of which he would have contributed only K 18,000 and balance of Kina 22,866 would come from interest. 

However, if the NASFUND member increase an additional of K150 for the next 30 years, the member will have K122, 579 as his total balance.

“This is the magic of compound interest”, he said. 

Recommended reading: NASFUND online services for members and employees

“This will happen if the member does not touch the funds while still contributing and the savings will grow through interest that is being credited by the FUND annually”. 

NASFUND has paid K1.4 billion as crediting amount to it’s members in the last six years.

Do you have accounts with Nasfund, Kina Bank, BSP or into POM stock exchange? Check out the latest Financial News, Savings and Loans, and Superannuation updates on PNG Insight.