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

National Pension System (NPS) Fees and Charges

Intermediary	Nature of Service	Applicable Charge*		Frequency of charge	Mode of deduction
POP (Kotak Mahindra Bank)	Initial Subscriber Registration	Upto Rs. 400		One time	Deducted from initial contribution
	Initial and subsequent contribution upload / transactions	Upto 0.50% of contribution amount subject to maximum Rs. 25000 per transaction		On each contribution	Deducted from Contribution amount
	Non - Financial Transaction Processing	Upto Rs. 30		On each request	By collecting upfront along with service request
	e-NPS (For subsequent contribution)	Upto 0.20% of contribution, subject to Max. ₹10000/- (Only for NPS All Citizen and Tier II accounts)		On each contribution	By collecting upfront along with contribution
	Trail commission for DRemit Contributions	Upto 0.20% of contribution, subject to Max. ₹10000/- (Only for NPS All Citizen and Tier II accounts)		On each contribution	By collecting upfront along with contribution
	Processing of Exit / Withdrawal	Upto 0.125% of Corpus subject to Max ₹500/-		On each request	By collecting upfront along with service request
	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 (Protean e-Gov)	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
	Instant Bank Account Verification	Rs. 2.40 The above charges include Re NIL credited in the SBA of the beneficiary as part of penny drop process.		On each request	Through cancellation of units on quarterly basis
Pension Fund Manager	Investment Management	Slabs of AUM managed by the Pension Fund Upto 10,000 Cr. 10,001 – 50,000 Cr. 50,001 – 1,50,000 Cr. Above 1,50,000 Cr.	Maximum Investment Management Fee (IMF) 0.09%* 0.06% 0.05% 0.03%	Annually	Through adjustment in NAV
Pension Fund Manager	Investment Management	*UTI Retirement Solutions Ltd charges a fee of 0.07% under this slab
NPS Trust	Reimbursement of Expenses	0.003% p.a.		On Annually	Through adjustment in NAV
Custodian	Asset Servicing charges	0.000000001770% per annum for Electronic segment & Physical segment		On Annually	Through adjustment in NAV
Trustee Bank	-	NIL		-	-
*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.