The below table summarizes the various charges associated with the National Pension Scheme (NPS) and how they are applied.
Type | Charges | How is it Charged? |
POP (Point of Presence): Upstox | ||
Account Opening | ₹200 + GST | Collected upfront |
Contribution Processing | ₹30 + GST | Collected upfront |
Processing of Exit / Withdrawal | CAMS will apply the relevant charges | Collected by CAMS |
CRA (Central Recordkeeping Agency) | ||
PRAN Opening Charges | ₹50 + 18% GST | Cancellation of Units |
Annual PRA Maintenance Costs (per account) | ₹70 + 18% GST | Cancellation of Units |
Charges Per Registration | ₹5 + 18% GST | Cancellation of Units |
Trustee Bank Charges | ||
Transactions from RBI Locations (per transaction) | ₹0 | Deduction of NAV |
Transactions from Non-RBI Locations (per transaction) | ₹15 + 18% GST | Deduction of NAV |
PFM (Pension Fund Manager) | ||
Investment Management Fees | Slabs of AUM managed by the Pension Fund (maximum value): | Deduction of NAV |
· Up to ₹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% + 18% GST | ||
Custodian | ||
Asset Servicing Charges | 0.0032% p.a for Electronic & Physical segments + 18% GST | Deduction of NAV |
NPS Trust | ||
Reimbursement of Expenses | 0.005% per annum + 18% GST | Deduction of NAV |
Gateway | ||
Debit Cards | Free | Not Applicable |
Credit Cards | 0.75% of Transaction Value | Collected by POP |
UPI | Free | Not Applicable |
Internet Banking | Flat Rate as per INR | Collected by POP |