New NPS expenses from October 1: The Pension Fund Regulatory and Growth Authority (PFRDA) has up to date the fees that Level of Presence (PoP) entities are permitted to levy on subscribers beneath the Nationwide Pension System (NPS) and NPS Lite.These revised expenses will come into impact from October 1, 2026, whereas Central Recordkeeping Businesses will start implementing the deduction from the third quarter of FY 2026-27.In a round dated August 28, 2026, PFRDA has carried out away with the excellence between widespread schemes and schemes launched beneath the A number of Scheme Framework (MSF).The round, titled ‘Standardised framework for classification and presentation of schemes beneath the Nationwide Pension System (NPS), additionally units out the fees relevant to subscribers making contributions by means of e-NPS and D-Remit.
New NPS PoP onboarding cost from October 1, 2026: What adjustments
One-time onboarding costUnderneath the brand new charge construction, subscribers registering for NPS by means of a PoP can be charged a one-time onboarding charge of Rs 200 for every Everlasting Retirement Account Quantity (PRAN).Nonetheless, the whole Rs 200 won’t be taken from the subscriber’s account directly.As an alternative, the cost can be collected at Rs 50 per quarter by cancelling items by means of the Central Recordkeeping Businesses (CRAs). The quantity can be remitted to the PoP within the month following the quarter by which the subscriber completes the onboarding course of.Annual expenses for all schemes beneath NPS and NPS LiteIn keeping with the PFRDA round, PoPs will obtain an annual cost equal to 0.20% of the property beneath administration (AUM) for all schemes, besides dormant accounts. The cost can be adjusted by means of the online asset worth (NAV) and paid to the PoP on a quarterly foundation.One-time onboarding cost for digitally registered subscribersPFRDA has additionally specified the onboarding charge relevant to subscribers who full their registration completely by means of a digital, non-face-to-face course of. In such instances, a one-time cost of Rs 100 could also be levied, relying on the phrases prescribed by PFRDA when the PoP is registered and any subsequent phrases decided by the regulator.GST and different relevant taxes can be levied individually, based on the PFRDA round.Will dormant NPS accounts entice PoP expenses?PFRDA has mentioned that PoP expenses won’t apply to dormant accounts. It defines a dormant account as an account or accounts recognized by means of a singular Everlasting Account Quantity (PAN) throughout all CRAs the place, after a contribution is made in 1 / 4, no additional contribution is acquired for 4 consecutive quarters, as decided on the finish of every quarter.Revised minimal contribution beneath NPSThe round additionally lays down the minimal quantities that NPS subscribers should contribute.On the time of onboarding, a subscriber is required to contribute not less than Rs 250. For subsequent contributions, the minimal contribution is Rs 10.Who won’t need to pay PoP expenses?Subscribers who opened their NPS accounts by means of e-NPS and subsequently contribute by means of e-NPS or D-Remit won’t need to pay PoP expenses, based on the round. Nonetheless, those that initially onboarded by means of a PoP will proceed to be responsible for these expenses even when their later contributions are made by means of e-NPS or D-Remit.This distinction is vital as a result of utilizing e-NPS or D-Remit for a contribution doesn’t, by itself, exempt a subscriber from PoP expenses when the NPS account was initially opened by means of a PoP.PoPs should show revised expensesPFRDA has instructed all PoPs to obviously and prominently publish their revised cost construction on their respective web sites.Have expenses for 4A schemes beneath the NPS additionally been revised?The brand new charge construction doesn’t apply to PoP expenses for 4A Schemes, together with schemes launched beneath Regulation 4A of the Exit Rules, resembling NPS Vatsalya, NPS Swasthya and NPS MSME.PFRDA mentioned the fees relevant to those schemes will proceed to be decided by their respective pointers and circulars.New NPS PoP expenses exchange earlier constructionThe revised expenses will supersede the PFRDA round issued on March 10, 2026. That earlier round prescribed PoP expenses for widespread schemes beneath NPS (All Citizen), together with NPS Vatsalya and NPS Lite.
