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
Here are the current POP charges for the NPS for All Citizens:| Intermediary | Charged Under Heading | Charges (Service taxes and other applicable levies will be charged as per the existing laws) | Method through which charges are deducted |
POP |
Initial subscriber registration and contribution upload. |
Rs.100, plus 0.25% of the contribution (which is subject to a minimum of Rs.20 and a maximum of Rs.25,000). |
This charge is collected up front. |
|---|---|---|---|
|
Any subsequent transaction. |
0.25% of the contribution (which is subject to a minimum of Rs.20 and a maximum of Rs.25,000). Any other transaction not involving contributions from subscribers = Rs.20. |
Other intermediary charges
| Intermediary | Charged Under Heading | Charges (Service taxes and other applicable levies will be charged as per the existing laws) | Method through which charges are deducted |
|---|---|---|---|
|
CRA |
PRA Opening Charges |
Rs.50 |
Cancellation of Units. |
|
Annual PRA Maintenance costs (per account) |
Rs.225 |
||
|
Charges per registration |
Rs.5 |
||
|
Trustee Bank |
Transactions emanating from RBI locations (per transaction). |
Rs.0 |
Deduction of NAV. |
|
Transactions emanating from non-RBI locations (per transaction) |
Rs.15 |
||
|
Custodian (on asset value that’s in custody |
Asset Servicing Charges |
0.0075% p.a. (Electronic segment) |
Deduction of NAV. |
|
0.05% p.a. (Physical segment) |
|||
|
PFM charges |
Investment Management Fees |
As charged by PFM |
Deduction of NAV. |
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).
- NPS
- NPS Calculator
- NPS Tier 1
- NPS Tier 2
- how to invest in nps
- How to Open NPS Account
- NPS Death benefits
- NPS withdrawal Rules
- NPS Contribution
- NPS Interest rate
- Pran Card
- National Pension Scheme SBI
- swavalamban pension yojana
- NPS Tax Benefit
- apy vs nps
- nps vs ppf
- NPS for NRI
- New Pension Scheme
- NPS Features and Guidelines
- NPS Withdrawal Forms
- Of India New Pension Scheme
- ICICI Bank National Pension System
- Bank of Maharashtra New Pension Scheme
- HDFC National Pension Scheme
- PFRDA
- Axis Bank National Pension System
- Bank of Baroda National Pension System
- South Indian Bank New Pension Scheme
- Canara Bank New Pension System
- Corporation Bank New Pension Scheme
- Federal Bank New Pension Scheme
- IDBI New Pension Scheme
- Kotak Mahindra Bank New Pension System
- OBC New Pension System
- NPS Lite Aggregators List
- SBP New Pension Scheme
- Tamilnad Mercantile Bank New Pension System
- Union Bank of India New Pension Scheme
- SBH New Pension Scheme
- Past Service for New Pension Scheme
- NPS Recommendations In Seventh Pay Scheme
- SBI Pension Plan Scheme
- Samajwadi Pension Yojana Online Form
- Samajwadi Pension Yojana
- NPS Pension for Family
- PRAN Reactivation
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
