Below are the details of charges under NPS:
|Intermediary||Charge Head||Charge#||Mode of Deduction|
|POP||Subscriber Registration Charge||125||To be collected up front|
|Contribution Processing Charge*||0.25%|
|Non – Financial Transaction Processing Charge||20|
|CRA||Account Opening Charge||50||Through cancellation of units|
|Transaction Processing Charge||4|
|Annual Maintenance Charge||190|
|PFM||Fund Management Charge||0.01%||Through NAV deduction|
|Custodian||Security Deposit Charge||0.0075% p.a for Electronic segment & 0.05% p.a. for Physical segment|
In general, the POP charges are deducted from the contribution amount deposited by the subscriber. To ensure that a minimum of 2000 is credited into the subscriber’s NPS account after deducting the contribution processing charge and applicable taxes, an SI of a minimum of 2025 needs to be made. Below illustration depicts the calculation.
|Contribution Amount ()||Contribution Processing Charge* ()||Service Tax @14%||Total Amount#|
*0.25% of contribution amount subject to minimum of 20 and maximum of 25000.
#To be debited from linked SA account by way of SI
Apart from contribution processing, subscriber is allowed to do below transactions as well which are known as Non - Financial Transaction.
Yes. 4 plus Service Tax will be applicable for any kind of transaction request raised by the subscriber.
Subscriber needs to pay 20 + Service Tax in Cash or by cheque at the time of submitting request for process any Non – Financial transaction.