NPS works on an unbundled architecture where multiple intermediaries (such as POP, CRA, Pension Fund Manager, Custodian, NPS Trust etc) are involved to perform different services. For each intermediary PFRDA has defined the charge structure as shown below. All the below charges are subject to change and are exclusive of GST.

 

Point of Presence (POP) Charges

POP charges are either taken upfront from the customer or recovered from the contribution amount deposited by the customer, as shown below:

Charge Head Charges
Account Opening Rs.200
Contribution Processing 0.25% subject to min Rs.20 and Max Rs.25,000
Non Financial Transaction Processing Rs.20
Persistency Applicable for Active Retail Customer with more than 6 months tenure with POP

 

 

Pension Fund Manager (PFM) Charges

Effective 1st April 2021, The Fund Management charge for PFMs has been revised. The new charge structure is slab – based according to their AUM slab. Maximum charge permissible against each slab is shown below :

AUM Slab (in Cr) PFM Charge % for the slab
Up to Rs 10,000 0.09%
Rs 10,001 – Rs 50,000 0.06%
Rs 50,001 – Rs 1,50,000 0.05%
Rs 1,50,000 and above 0.03%

 

 

Central Record Keeping Agency (CRA) Charges

CRA recovers charges by cancelling units from customer’s NPS account on quarterly mode.

Charge Head Charges for KFintech CRA Charges for NSDL CRA
PRAN Generation Rs.39.36 Rs.40.00
Annual Maintenance Rs.57.63 Rs.84.00
Financial Transaction Processing Rs.3.36 Rs.3.75

 

 

Other Intermediaries Charges

Charges for PFM, Custodian and NPS Trust are recovered on daily basis by adjusting NAV.

Intermediary Charge Head Charges (Annual)
Custodian Custodian Fee 0.0032%
NPS Trust Reimbursement of Expenses 0.005%

 

 

Payment Gateway Charges

For processing contribution online, the payment gateway service provider levies charges depending on the payment mode opted by the customer. These charges are levied to customers on each successful transaction.

Mode of Payment Charges
RuPay Debit Card Nil
UPI Nil
Net Banking Rs. 3.5
Credit Card 0.85% of the contribution amount

 

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