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Service Charges

Service Charges

NPS is one of the low-cost pension schemes available across the world. Below are the standard applicable charges as per PFRDA norms. For further clarification on charges Click Here.

CHARGE HEADFirst Year of subscribers onboardingSecond Year onwards
Annual chargesCAMS₹ 200# one time 0.2% p.a. of AUM (min. ₹ 30) and 0.1% p.a. AUM (min. ₹ 15) for CPSE employees pro-rata on quarterly basis
Kfintech0.2% p.a. of AUM (min. ₹ 30) and 0.1% p.a. AUM (min. ₹ 15) for CPSE employees pro-rata on quarterly basis
Protean
  • Above Mentioned Charges will be collected by CRAs through cancelling units from the subscriber’s NPS account on a quarterly basis. The term “p.a.” shall mean a period comprising of four (04) consecutive quarters and shall not be construed to or to be aligned with a financial year or a calendar year.
  • Accordingly, charges shall be levied at 0.05% of AUM on the last day of quarter for Common Schemes of NPS (All Citizen and Corporate Model), including NPS Vatsalya, and 0.025% of AUM on the last day of quarter for CPSE employees.
  • Dormant Account will not be charged. Dormant account is defined as such account where subsequent to a contribution in a quarter, there is no contribution for four consecutive quarters as identified at the end of each quarter.
# Charges will be recovered in the subsequent month of the 1st contribution.
SBI Pension Fund NPS Schemes under Multiple Scheme Framework (MSF)
IMF + Distribution fees (Adjusted from NAV on daily basis )0.30% of AUM per annum

Disclaimers: The above charges are exclusive of GST.

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