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PFRDA Delays New NPS Fee Structure to December 1; Key Details for Subscribers
Sentiment: NeutralHigh Priority
What Happened?
The Pension Fund Regulatory and Development Authority (PFRDA) has postponed the revised charges for the National Pension System (NPS) to December 1, 2026. The new fee structure includes a one-time onboarding fee and an annual charge based on assets under management.
Key points
- Revised NPS charges will now take effect on December 1, 2026.
- A one-time onboarding fee of Rs 200 will be charged per Permanent Retirement Account Number (PRAN).
- Annual charge will be 0.20% of assets under management (AUM).
- Digital onboarding may incur a lower fee of Rs 100.
- Subscribers opening accounts through e-NPS are exempt from PoP charges.
Key insights
- The revised fee structure aims to streamline NPS operations and enhance subscriber experience.
- Subscribers should assess their onboarding options to minimize costs.
- The exemption for digital onboarding could encourage more users to adopt online processes.
Why it matters
The delay in implementing the new fee structure allows subscribers to better prepare for the upcoming changes.
Source
Times Now
