Applicable fees and charges levied on NPS Subscribers

Intermediary

Charge head

Service Charges*

Private / Govt.

Lite/APY

CRA

PRA Opening charges

CRA charges for account opening if the subscriber opts for Physical PRAN card

(in Rs.)

CRA charges for account opening if the subscriber opts for ePRAN card (in Rs.)

Rs. 15

Welcome kit sent in physical

Welcome kit sent vide email only

NCRA

40.00

35.00

18.00

KCRA

39.36

39.36

4.00

Note:

The reduction in charges will be on the current charge structure and excludes applicable taxes.

Charges will be applicable post release of the functionalities by CRAs to capture the choice of NPS subscribers to have physical or ePRAN card.

Annual PRA Maintenance cost per account

NCRA: Rs. 69

KCRA: Rs. 57.63

NCRA: Rs. 20

KCRA: Rs. 14.40

Charge per transaction

NCRA: Rs. 3.75

KCRA: Rs. 3.36

Free

The existing charge structure for Instant Bank Acct verification which shall be recovered by CRAs from the Subscribers for further reimbursement to the service provider is as follows.

(i) KFin Technologies Ltd (KCRA)- Rs. 1.90+ tax

(ii) NSDL e-Governance infrastructure Pvt Ltd (NCRA) - Rs. 2.40 + tax

The above charges include Re 1 credited in the SBA of the beneficiary as part of penny drop process.

POP

-

All Citizen and Corporate

Govt.

-

Initial subscriber registration 

Min ₹200/- to Max ₹400/- (negotiable within slab only)

NA

NA

Initial and subsequent contribution upload / transactions

upto 0.50% of contribution, subject to

Min. ₹30/- Max. ₹25000/- (negotiable within slab only)

Non-Financial Rs. 30/-

NA

NA

Persistency**

₹50/- per annum for annual contribution ₹1000/- to ₹2999/-

₹75/- per annum for annual contribution ₹3000/- to ₹6000/-

₹100/- per annum for annual contribution above ₹6000/- 

(Only for NPS All Citizen)

NA

NA

0.20% of contribution, subject to 

Min. ₹15/- and Max. ₹10000/- 

(Only for NPS All Citizen and Tier II accounts)

Processing of Exit / Withdrawal

@0.125% of Corpus with Minimum ₹125/- and Max ₹500/-

NA

NA

Trustee Bank

NIL

Custodian

Asset Servicing charges

0.000000001770% per annum for Electronic segment & Physical segment

PF charges

Investment Management Fee

With effect from 1st April, 2021, following IMF shall be charged by the freshly appointed Pension Funds.

The IMF to be charged by the Pension Fund on the slab structure would be on the aggregate AUM of the Pension Fund under all schemes managed by Pension Funds.

These rates of IMF shall be reviewed by the Authority in a period of five (5) years from the date of implementation.

NPS Trust

Reimbursement of Expenses

0.005% p.a

Payment Gateway Service Charge

(Applicable for transactions made on eNPS platform)