New Pension System - Fees and charges

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New Pension System -
Fees and charges

New Pension System - Fees and charges

Intermediary Nature of Service Applicable Charge* Frequency of charge Mode of deduction
POP Subscriber Registration Rs.200 One time Deducted from initial contribution
(Maximum Permissible Charges) Contribution Processing 0.25% of contribution amount subject to minimum Rs. 20 and maximum Rs. 25000 per transaction On each contribution Deducted from Contribution amount
  Non - Financial Transaction Processing Rs. 20 On each request Collecting upfront along with service request
CRA Permanent Retirement Account Opening Rs. 50 One time Through cancellation of units
Permanent Retirement Account Maintenance Rs. 95 Per Annum
Transaction Processing Rs. 4 On each transaction
Trustee Bank Not Applicable Nil    
Pension Fund Manager Investment Management within the prescribed upper ceiling of 0.01% p.a. On AUM Through NAV deduction
Custodian Asset Servicing 0.0032% p.a for Electronic segment & Physical segment On AUM
*exclusive of Service Tax

Service tax and other levies, as applicable, will be levied as per the existing tax laws. There are no additional CRA charges for the maintenance of Tier ā€“II account. Also, please note that the fee structure may change from time to time as may be decided by PFRDA.