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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 HEADNon-Government Sector (All Citizen, Vatsalya, NPS Lite)Legal Entities (Other Than Government)Mode OF Collection
One-Time Onboarding Charges₹ 200* per new account (i.e.,Rs 50 on quarterly basis) Through Collection of units.
Annual Charges0.20% p.a. of AUM (pro-rata on quarterly basis)0.20% p.a. of AUM (pro-rata on quarterly basis)Adjusted from NAV
  • The one-time onboarding PoP charges shall be recovered by CRAs from the subscriber’s NPS account i.e. ₹ 50/- on quarterly basis and payable to PoP in the month subsequent to the quarter in which on-boarding is completed.
  • GST or other taxes as applicable shall be additional.
  • Annual charges shall be levied at 0.05% of AUM on the last day of the quarter for Common Schemes. The term “p.a.” shall mean a period comprising of four (04) consecutive quarters and shall not be construed to or be aligned with a financial year or a calendar year.
  • Annual charges shall not be levied to Dormant accounts. 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.

Disclaimers: The above charges are exclusive of GST.

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