NPS Fee Structure Revised from Oct 1: Rs 200 Onboarding Fee and 0.20% Annual Charge
India's National Pension System (NPS) will see a revised fee structure effective October 1. Subscribers registering through a Point of Presence (PoP) will be required to pay a one-time onboarding fee of Rs 200 per Permanent Retirement Account Number (PRAN). Additionally, an annual charge of 0.20% has been introduced under the new framework. Notably, the Rs 200 onboarding fee will not be deducted from the subscriber's account in a single transaction. The changes are expected to affect new NPS enrollees joining via PoP channels.
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