Under APY, two types of charges are levied. They are:
- Account charges
- Charges for non-payment or delayed payment of contributions
The list of charges under each category are given below
Account Charges
Find the list of account-related charges below:
| Sr.No | CRA Charges | Amount (₹) |
|---|---|---|
| 1 | Account Opening Charges | 15.00 |
| 2 | Annual Maintenance Charges | 20.00 |
| 3 | Downgrade/Upgrade Charges | 25.00 |
| 4 | Transaction Charges | NIL |
NOTE:The above-mentioned charges exclude the applicable taxes.
Charges for Non-Payment or Delayed Payment of Contributions
You will be charged fees and overdue interest on non-payment and delayed payment of the prescribed contribution amount. From time to time, PFRDA, in consultation with the Central Government, prescribes the below charges along with their method of application.
Find the list of charges for non-payment or delayed payment of contributions below:
| Sr. No. | Contribution per month | Penalty (₹) |
|---|---|---|
| 1 | Up to ₹ 100/- | 1.00 |
| 2 | Between ₹ 101/- to ₹ 500/- | 2.00 |
| 3 | Between ₹ 501/- to ₹ 100/- | 5.00 |
| 4 | ₹ 1001/- and above | 10.00 |
NOTE: The above-mentioned charges exclude the applicable taxes.
It is advisable to avoid the above-mentioned charges by contributing to your account with the prescribed amount and within the prescribed time limit.