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NPS Charges Delayed: Relief for Subscribers Till December
27 Oct
Summary
- NPS PoP charge implementation extended to December 1, 2026.
- New onboarding charge is Rs 200, collected quarterly.
- Dormant accounts will not attract any PoP charges.
The Pension Fund Regulatory and Development Authority (PFRDA) has extended the implementation deadline for revised Point of Presence (PoP) charges for National Pension System (NPS) and NPS Lite subscribers. The new charges will now be implemented on December 1, 2026, over a month later than the original October 1, 2026, date.
Under the revised structure, a one-time onboarding charge of Rs 200 per PRAN will be levied. This amount will be recovered in quarterly installments of Rs 50 through unit cancellations by CRAs. Active accounts will incur an annual charge of 0.20% of assets under management (AUM), adjusted via NAV and paid quarterly.
Subscribers opting for a fully digital onboarding process may face a reduced one-time charge of Rs 100, subject to PFRDA terms. Importantly, dormant NPS accounts, defined by a lack of contributions for four consecutive quarters, will be exempt from these PoP charges. The PFRDA also mandates a minimum onboarding contribution of Rs 250 and a minimum subsequent contribution of Rs 10.
