NPS Eligibility & Charges

NPS A citizen of India, whether resident or non-resident can join NPS, subject to the following conditions:

  1. User should have age between 18 – 60 years as on the date of submission of his/her application to the Point of Presence (POP) / Point of Presence–Service Provider -Authorized branches of POP for NPS (POP-SP).

  2. User should comply with the Know Your Customer (KYC) norms as detailed in the Subscriber Registration Form.

The following applicants cannot join NPS:

  1. Un-discharged insolvent
  2. Individuals of unsound mind
  3. Pre-existing account holders under NPS

Charges under NPS

Standard charges under NPS (excluding Service Tax) are as mentioned below

Intermediary Charge HeadChargeFrequency of deductionMode of deduction
PoPSubscriber Registration Rs.100 One time From the contribution amount / paid by you up front at the time of placing the request
Contribution Processing*0.25% On each transaction
Non – Financial Transaction Processing Rs.20
CRAPRA Opening Rs.50 One time From NPS Account (by cancelling the units) on the last day of the calendar quarter
PRA Maintenance Rs.190 Per annum
Transaction Processing Rs.4 On each transaction
Fund ManagerInvestment Management 0.01% Per annum Recovered through NAV deductions
CustodianAsset Servicing 0.0075% Per Annum