POP and CRA Charges under the New Pension Scheme

POP stand for Points of Presence and CRA stands for Central Recordkeeping Agency. These are two of the various charges that are applicable in case of NPS. The applicable charges are listed below.

Given below are the POP and CRA Charges for the New Pension Scheme:

Corporate entities can negotiate the charges with POP for the provision of the NPS service (this is subject to the limits and ceilings that have been put in place by the PFRDA).

POP

Other intermediary charges

Here’s some important information relating to the charges mentioned above:

• The CRA’s charges include charges for:
• The maintenance of the electronic information of the balances in the PRA.
• Sending out of annual account information once a year (in print).
• Changing PRA details.
• The PFM’s Investment Management Fees include all charges related to the transaction such as:
  • Brokerage.
  • Transaction Cost.
• And does not include:
  • Custodian Charges.
  • Applicable taxes.
• This fee is calculated on the average monthly assets managed by the pension fund.
• The subscriber is not charged Trustee Bank Charges directly. The term “transaction” refers to all the activities right from receiving the electronic instructions (or physical instrument) to transfer funds to the designated PFMs. It also includes all activities leading to credit the beneficiary account, on the outflow side.
• Demat / Remat charges, SEBI charges and all charges relating to the receipt of shares are extra (in relation to Custodian Charges).