Archive · 31 Aug 2026
NPS PoP Charges Standardized From October 1, 2026
PFRDA is changing how certain NPS service charges are handled from October 1, 2026.
Opening an account through a Point of Presence can cost ₹200.
This amount is taken in four quarterly instalments of ₹50 by cancelling units.
Some people who complete onboarding fully online may pay ₹100 instead, depending on PFRDA’s rules.
There is also an annual charge of 0.20% of the money invested in the account.
This charge is taken through the account’s NAV rather than as a separate bill.
If an account was opened through e-NPS and contributions continue through e-NPS or D-Remit, no PoP charges apply.
But using online contributions later does not remove charges from an account originally opened through a PoP.
PFRDA will standardize Point of Presence charges across NPS and NPS Lite from October 1, 2026.
The onboarding charge is ₹200 per PRAN, collected as ₹50 quarterly unit cancellations.
Fully digital, non-face-to-face onboarding may qualify for a ₹100 charge under PFRDA’s terms.
The annual PoP charge is 0.20% of AUM, adjusted through NAV and paid quarterly.
Accounts opened through e-NPS remain exempt when later contributions use e-NPS or D-Remit, while PoP-opened accounts retain applicable charges.
- Who
- PFRDA, Point of Presence providers, Central Recordkeeping Agencies, and NPS subscribers.
- What
- PFRDA is introducing a standardized PoP charge framework for NPS and NPS Lite schemes.
- When
- The revised framework takes effect on October 1, 2026, with deductions implemented from Q3 of FY 2026-27.
- Where
- Across NPS and NPS Lite accounts and schemes covered by the framework.
- Why
- To standardize charges across schemes and provide uniform requirements for scheme classification, presentation, disclosures, and comparisons.
- Onboarding charge
- ₹200 per PRAN opened through a PoP.
- Digital onboarding charge
- ₹100 may apply when onboarding is completed entirely through a digital, non-face-to-face route, subject to PFRDA’s terms.
- Onboarding collection
- The charge is recovered through quarterly cancellation of units at ₹50 per quarter.
- Annual PoP charge
- 0.20% of assets under management annually, adjusted through NAV and paid quarterly.
- Minimum contribution
- ₹250 when opening an NPS account and ₹10 for subsequent contributions.
- Dormant accounts
- Dormant accounts are excluded from PoP charges; dormancy is identified after no contribution for four consecutive quarters following a contribution quarter.
- Exception
- PoP charges for schemes covered under Regulation 4A of the Exit Regulations continue to follow their respective guidelines and circulars.
