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.