To become a subscriber of NPS, you are required to pay nominal charges as part of the onboarding process. There is a clear break-up of the charges that you need to pay, and there are no hidden costs or fees.
The applicable charges levied as part of the process are as follows:
| Intermediary | Charge head | Service Charges* | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Private / Govt. | Lite/APY | |||||||||||||||||||||||||||
| CRA | PRAN Opening charges | CRA charges for account opening if the subscriber opts for Physical PRAN card (in ₹) | CRA charges for account opening if the subscriber opts for ePRAN card (in ₹) | ₹15.00 | ||||||||||||||||||||||||
| Welcome kit sent in physical | Welcome kit sent vide email only | |||||||||||||||||||||||||||
| PCRA | 40.00 | 35.00 | 18.00 | |||||||||||||||||||||||||
| CCRA | 40.00 | - | 18.00 | |||||||||||||||||||||||||
| KCRA | 39.36 | 39.36 | 4.00 | |||||||||||||||||||||||||
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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. |
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| Annual PRA Maintenance cost per account | PCRA: ₹69 CCRA: ₹65 KCRA: ₹57.63 |
PCRA: ₹20 CCRA: ₹16.25 KCRA: ₹14.40 |
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| Charge per transaction | PCRA: ₹ 3.75 CCRA: ₹ 3.50 KCRA: ₹ 3.36 |
Free | ||||||||||||||||||||||||||
| Instant Bank Account Verification | 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)- ₹1.90+ tax (ii) Computer Age Management Services Limited (CCRA)- ₹2.00 (Bank Account Verification through UPI) (iii) Protean e-Gov Technologies Ltd (PCRA) - ₹2.40 + tax The above charges include Re NIL credited in the SBA of the beneficiary as part of penny drop process. |
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| POP | - | All Citizen, Government Entities, and Legal Entities (other than Government)# | Govt. | - | ||||||||||||||||||||||||
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First Year of subscribers onboarding (effective from 01.01.2026) |
0.2% p.a. of the AUM (subject to minimum of Rs. 30/-) and 0.1% p.a. for CPSE employees (subject to minimum of Rs.15/-) pro-rata on quarterly basis. or Rs. 200/- per new account (on monthly basis, to be collected in the month subsequent to the month of on-boarding) |
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Second Year onwards (effective from 01.01.2026) |
0.2% p.a. of the AUM (subject to minimum of Rs.30/-) and 0.1% p.a. for CPSE employees (subject to minimum of Rs.15/-) pro-rata on quarterly basis, in accounts other than Dormant accounts. This shall be applicable to all existing accounts as well |
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 | |||||||||||||||||||||||||
| e-NPS (for subsequent contribution) | Upto 0.20% of contribution, subject to Max. ₹10000/- (Only for NPS All Citizen and Tier II accounts) | NA | NA | |||||||||||||||||||||||||
| Trail commission for DRemit Contributions | Upto 0.20% of contribution, subject to Max. ₹10000/- (Only for NPS All Citizen and Tier II accounts) | |||||||||||||||||||||||||||
| Processing of Exit / Withdrawal | Upto 0.125% of Corpus subject to Max ₹500/- | NA | NA | |||||||||||||||||||||||||
| Annual Charges for the employees/members under Legal Entities(other than Government)" | 0.20% p.a. of the AUM to be adjusted through NAV and payable to PoP on quarterly basis, in accounts other than Dormant accounts. This shall be applicable to all existing NPS accounts as well. | 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.
PFRDA has revised the Investment Management Fee (IMF) structure for Pension Funds with effect from 1 April 2026 Under Non-Government Sector, the following shall be the structure for IMF (with effect from 1 April 2026):
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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. |
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| NPS Trust | Reimbursement of Expenses | 0.003% p.a | ||||||||||||||||||||||||||
** Persistency fee is payable to POPs if you are associated with that POP for more than 6 months in a financial year.
* In the case of government employees, CRA charges are paid by the respective government.
*The PoPs will continue to have the option to negotiate the charges with the subscribers, subject however to the maximum charge structure permitted by the Authority.
# The existing “Corporates” under NPS will be reclassified into: (i) Government Entities, and (ii) Legal Entities (other than Government). i. “Government Entities” shall include statutory body or a Government Company or any body corporate or other entity under the ownership and control of either Central or any State Government (including Central Public Sector Enterprises (CPSEs) and State Public Sector Enterprises (SPSEs)). ii. “Legal Entities (other than Government)”, including societies, association of persons and entities which are not under the administrative control of either Central or any State Government.
GST or other govt taxes as applicable, are additional.
The service charge structure for POP shall be effective from 31.01.2025.
| Payment Gateway Service Charge (Applicable for transactions made on eNPS platform) | Mode of Payment | Method for quotation rate per transaction | Payment Gateway Service Provider |
|---|---|---|---|
| IndiaIdeas.com Limited (Billdesk) & Razorpay | |||
| Credit cards | Percentage (%) of transaction value | 0.75% of Transactional Value + GST | |
| Debit cards | Free | NA | |
| Internet Banking | Flat rate in INR | 0 | |
| UPI | Free | NA |
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