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Home » Subscribers » I am interested in NPS » Applicable fees and charges levied on NPS Subscribers

 What is NPS Applicable fees and charges levied on NPS Subscribers

 Benefits of NPS
Service Charges*
 Eligibility
Intermediary Charge head
 Calculate the pension need
Private / Govt. Lite/APY
 How to Join

 Join now CRA charges for account

CRA charges for opening if the subscriber opts
Charges Under NPS  account opening if for ePRAN card (in Rs.)
the subscriber opts
 FAQs   for Physical PRAN
card Welcome
Welcome kit sent
(in Rs.) kit sent in
vide email only
physical

PRA Opening NCRA 40.00 35.00 18.00 Rs. 15

charges

KCRA 39.36 39.36 4.00

CRA Note:

The reduction in charges will be on the current charge structure and excludes
applicable taxes.

Charges will be applicable post release of the functionalities by CRAs to capture the
choice of NPS subscribers to have physical or ePRAN card.

Annual PRA
Maintenance NCRA: Rs. 69 NCRA: Rs. 2
cost per KCRA: Rs. 57.63 KCRA: Rs. 14
account

Charge per NCRA: Rs. 3.75

Free
transaction KCRA: Rs. 3.36

The existing charge structure for Instant Bank Acct verification

which shall be recovered by CRAs from the Subscribers for
further reimbursement to the service provider is as follows.
 Instant Bank (i) K Fin Technologies Pvt Ltd (KCRA)- Rs. 1.90+ tax
  Account  
Verification (ii) NSDL e-Governance infrastructure Pvt Ltd (NCRA) - Rs. 2.40
+ tax
The above charges include Re 1 credited in the SBA of the
beneficiary as part of penny drop process.

- Private Govt. -

Initial
subscriber Rs. 200 NA NA
registration 

Initial and
subsequent 0.25%  of contribution
contribution Min. Rs. 20 Max. Rs. 25000 NA NA
POP upload / Non-Financial Rs. 20
transactions

Persistency
> 6 months & Rs. 50 per annum NA NA
Rs 1000
contribution

Contribution 0.10% of contribution,

NA NA
through eNPS Min. Rs.10 Max. Rs.10000

Trustee Bank - NIL

Asset Servicing
Custodian 0.0032% p.a for Electronic segment & Physical segment
charges

PF charges Investment With effect from  1st April, 2021, The IMF to be charged by the Pen
Management following IMF shall be charged by the Fund on the slab structure would be on
Fee freshly appointed Pension Funds. aggregate AUM of the Pension Fund u
all schemes managed by Pension Fund
Maximum  
Slabs of AUM
Investment
managed by the
Management Fee These rates of IMF shall be reviewed by
Pension Fund Authority in a period of five (5) years f
(IMF)
the date of implementation.
 Upto 10,000 Cr. 0.09%*  

10,001 – 50,000
0.06%
Cr.

50,001 –
0.05%
1,50,000 Cr.

Above 1,50,000
0.03%
Cr.

 
  * UTI Retirement Solutions Ltd
charges a fee of 0.07% under this slab.

Reimbursement
NPS Trust 0.005% p.a
of Expenses

* In case of Government employees, CRA charges are being paid by the respective Governments.

                                              

Payment Gateway Se
Provider
Method for quotation rate
Mode of Payment
per transaction
IndiaIdeas.com Lim
(Billdesk)

Payment Gateway Service Charge

Percentage (%) of transaction
Credit cards 0.75%
(Applicable for transactions value
made on eNPS platform)

Debit cards Free NA

Internet Banking Flat rate in INR 0

UPI Free NA

International Comparison of Fees/Charges under NPS

 
International Organisation of Pension Supervisors (IOPS) in its Working Paper 6 “Comparison of Costs + Fees in
Defined Contribution Pension Systems” published by Denise Gomez Hernandez and Fiona Stewart had introduced
Ratio” and “Equivalent Asset Fee” for enabling standardized international comparison of fees due to existence
across countries.
“Charge Ratio” measures the impact that any type of administrative charge can have on the final balance (afte
individual retirement account compared to the hypothetical balance that could be obtained if no administrative fees
“Equivalent Asset Fee” is the annualized charge over assets which would have generated exactly the same final ass
actual combination of charges on flows entering the individual account, on the accumulated assets and on the
individual retirement account as well as any entry or exit charges applied to an individual retirement account du
time.

Charge Ratio and Equivalent Asset Fee under NPS

Particulars Private Government Lite/APY

Charge Ratio 4.75% 0.72% 0.93%

EAF 0.169% 0.025% 0.032%

 
Assumptions
Monthly Contribution – Rs 1000

Return on Contribution – 8%

Contribution Period – 40 years

Maximum of CRA charges

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