National Pension System Latest Charges Effective 31 January 2025: Check Break-up Of Charges For NPS, e-NPS

The Pension Fund Regulatory and Development Authority (PFRDA) has released Master Circular POP Service charges under National Pension System (NPS) dated 31 January 2025. The circular contains details of Service Charges that can be collected by POPs under NPS (All Citizen and Corporate)/NPS Lite.  

1. Initial Subscriber Registration: Upto maximum Rs 400

To be collected upfront

2. Initial Contribution Upto 0.50% of the contribution, subject to maximum Rs 25000. Applicable to All Subsequent Contribution

3. All Non-Financial Transaction: Upto maximum Rs 30 

Persistency charges is payable to such POPs to which the subscriber is associated for more than six months in a financial year. 

₹50/- p.a. for annual contribution ₹1000/ to ₹2999/-

₹75/- p.a. for annual contribution ₹3000/ to ₹6000/-

₹100/- p.a. for annual contribution above ₹6000/-

(Only for NPS All Citizen model)

To be collected upfront

e-NPS (for subsequent contribution): Upto 0.20% of the contribution, subject to maximum ₹10,000/-

(Only for NPS All Citizen and Tier - II Accounts)

Processing of Exit/Withdrawal: Upto 0.125% of Corpus subject to maximum ₹500/- 

National Pension System (NPS) is a defined contribution pension. NPS is voluntary for subscription by an individual to make contributions to his/her Individual Pension Account during the working life for creating a pension corpus from which regular income will be generated after retirement / working age.

Any Indian Citizen (resident or non-resident) and Overseas Citizen of India (OCI)

Aged between 18-70 years

Compliant to Know Your Customer (KYC) norms.

Hindu Undivided Families (HUFs) and Persons of Indian Origin (PIOs) are not eligible for subscribing to NPS.

NPS is an Individual Pension Account and cannot be opened on behalf of a third person. The applicant should be legally competent to execute a contract as per the Indian Contract Act.