NPS Account Opening charges & Fees: As Low as 0.50% of the Contribution Amount*

NPS Account Opening charges & Fees: As Low as 0.50% of the Contribution Amount*

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National Pension System (NPS) Fees and Charges

Intermediary	Nature of Service	Applicable Charge*	Frequency of charge	Mode of deduction
POP (Kotak Mahindra Bank)	Subscriber Registration	Rs. 400	One time	Deducted from initial contribution
	Contribution Processing	0.50% of contribution amount subject to minimum Rs. 30 and maximum Rs. 25000 per transaction	On each contribution	Deducted from Contribution amount
	Non - Financial Transaction Processing	Rs. 30	On each request	By collecting upfront along with service request
	e-NPS (For subsequent contribution)	0.20% of contribution amount subject to minimum Rs. 15 and maximum Rs. 10000 per transaction (Only for NPS All Citizen and Tier - II Accounts)	On each contribution	By collecting upfront along with contribution
	Persistency**	1. Rs. 50 for annual contibution Rs. 1,000 to Rs. 2,999. 2. Rs. 75 for annual contribution Rs. 3,000 to Rs. 6,000. 3. Rs. 100 for annual contribution above Rs. 6,000 ( only for NPS- All citizen model)	Per Annum	Through cancellation of units on quarterly basis
CRA	Permanent Retirement Account Opening	Rs. 40	One time	Through cancellation of units on quarterly basis
	Permanent Retirement Account Maintenance	Rs. 69	Per Annum	Through cancellation of units on quarterly basis
	Transaction Processing	Rs. 3.75	On each request	Through cancellation of units on quarterly basis
Pension Fund Manager	Investment Management	Slabs of AUM managed by the Pension Fund Maximum Investment Management Fee (IMF) Upto 10,000 Cr. 0.09%* 10,001 – 50,000 Cr. 0.06% 50,001 – 1,50,000 Cr. 0.05% Above 1,50,000 Cr. 0.03% *UTI Retirement Solutions Ltd charges a fee of 0.07% under this slab	Annually	Through adjustment in NAV
NPS Trust	Scheme expenses	0.005% p.a.	On Annually	Through adjustment in NAV
Custodian	Asset Servicing	0.0032% p.a.	On Annually	Through adjustment in NAV
*exclusive of GST or other Govt. taxes as applicable
** Persistency fee is payable to such POPs to which the subscriber is associated for more than 6 months in a financial year
Please note - There are no additional CRA charges for the maintenance of Tier - II account. Also, please note that the fee structure may change from time to time as may be decided by PFRDA.

How to apply for National Pension Scheme

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