What are the different charges associated with the National Pension Scheme (NPS)?

The below table summarizes the various charges associated with the National Pension Scheme (NPS) and how they are applied.


TypeChargesHow is it Charged?
POP (Point of Presence): Upstox
Account Opening₹200 + GSTCollected upfront
Contribution Processing₹30 + GSTCollected upfront
Processing of Exit / WithdrawalCAMS will apply the relevant chargesCollected by CAMS
CRA (Central Recordkeeping Agency)
PRAN Opening Charges₹50 + 18% GSTCancellation of Units
Annual PRA Maintenance Costs (per account)₹70 + 18% GSTCancellation of Units
Charges Per Registration₹5 + 18% GSTCancellation of Units
Trustee Bank Charges
Transactions from RBI Locations (per transaction)₹0Deduction of NAV
Transactions from Non-RBI Locations (per transaction)₹15 + 18% GSTDeduction of NAV
PFM (Pension Fund Manager)
Investment Management FeesSlabs 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 Charges0.0032% p.a for Electronic & Physical segments + 18% GSTDeduction of NAV
NPS Trust
Reimbursement of Expenses0.005% per annum + 18% GSTDeduction of NAV
Gateway
Debit CardsFreeNot Applicable
Credit Cards0.75% of Transaction ValueCollected by POP
UPIFreeNot Applicable
Internet BankingFlat Rate as per INRCollected by POP

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