NPS A citizen of India, whether resident or non-resident can join NPS, subject to the following conditions:
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).
User should comply with the Know Your Customer (KYC) norms as detailed in the Subscriber Registration Form.
The following applicants cannot join NPS:
Standard charges under NPS (excluding Service Tax) are as mentioned below
|Intermediary||Charge Head||Charge||Frequency of deduction||Mode of deduction|
|PoP||Subscriber 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|
|CRA||PRA 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 Manager||Investment Management||0.01%||Per annum||Recovered through NAV deductions|
|Custodian||Asset Servicing||0.0075%||Per Annum|