National Pension System (NPS) Fees and Charges
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| Fee Paid To | Nature of Fee | Fee Payable | Frequency | Method Of Deduction |
|---|---|---|---|---|
| POP i.e., Kotak Mahindra Bank (No Fee & Charges will be directly be collected by Kotak) | NPS Account opening – One Time Onboarding charge for Individual NPS & NPS Vatsalya |
₹200/- per new account ( units equivalent of Rs. 50/- on quarterly basis will be deducted through cancellation of units by CRA’s and payable to PoP in the month after the quarter in which on-boarding is completed). | Quarterly | Through cancellation of units by CRA |
| Common Scheme (Tier 1 & Tier 2)* Annual Charges for Individual, NPS Vatsalya & Corporate NPS - |
0.20% p.a. of the AUM | Daily Adjustment | Through NAV adjustment by PFM | |
| Multiple Scheme Framework (MSF) Annual Charges for Individual, NPS Vatsalya & Corporate NPS - |
Up to 0.30% p.a. of the AUM | Daily Adjustment | Through NAV adjustment by PFM | |
| CRA (Protean e-Gov) |
PRAN opening charges | ₹40/- Physical PRAN | One-time | Through cancellation of units by CRA |
| ₹18/- ePRAN | ||||
| Reprint of PRAN card & Re-issue of PIN mailer | ₹40/- | As per request | ||
| Account Maintenance Charge per Account (AMC) | ||||
| AUM Category (in Rs.) | AMC (p.a.) -Amt. in Rs. | Annual | ||
| Nil 1 – 2 lakhs >2 lakhs <=10 lakhs >10 lakhs <= 25 lakhs >25 lakhs <= 50 lakhs >Above 50 lakhs |
0 100 150 300 400 500 |
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| Pension Fund Manager | Slabs of AUM (₹) | Fees | Annual | Through NAV adjustment |
| Up to 25,000 Cr 25,001-50,000 Cr 50,001-1,50,000 Cr Above 1,50,000 Cr |
0.12% 0.08% 0.06% 0.04% |
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| NPS trust | Reimbursement of Expenses | 0.003% | Annual | Through NAV Adjustment |
| Custodian | Asset Servicing charges | 0.000000001770% per annum for Electronic segment & Physical segment | Annual | |
| Trustee Bank | NIL | |||
| *exclusive of GST or other Govt. taxes as applicable ** Persistency fee is payable to such POPs to which the subscriber is associated for more than 6 months in a financial year Please note - There are no additional CRA charges for the maintenance of Tier - II account. Also, please note that the fee structure may change from time to time as may be decided by PFRDA. i. Charges mentioned above exclude applicable taxes. ii. There are no separate charges for transactions such as contribution, scheme preference change, rebalancing of portfolio, withdrawal etc. iii. Charges for Reprint of PRAN card request initiated by Subscriber will be recovered from Subscriber’s PRAN by way of unit deduction. iv. Vendor Charges such as Penny drop, e-sign charges etc., will be recovered from PRAN by way of unit deduction. |
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