NPS Charges

Charge structure of Point of Presence (PoP) for Common Schemes and Multiple Scheme Framework (MSF) under NPS
In accordance with the Circular dated PFRDA/2026/16/REG-POP/01 and PFRDA/2026/17/REG-POP/02, the applicable charges for PoPs for Common Schemes and Multiple Scheme Framework (MSF) under NPS for Legal Entities and UoS (other than Government) are hereby revised as under:

Charge structure applicable from 01.01.2026

Sr. No. and Head	Particulars	Charges
i. Common Scheme	Onboarding Charges and Annual Charges for the employees/ members under Legal Entities and UoS (other than Government)	One Time Onboarding Charges: *Rs. 200/- per new account (equivalent of Rs. 50/- on quarterly basis will be deducted through cancellation of units by CRA/s and payable to PoP in the month subsequent to the quarter in which on-boarding is completed). Annual Charges: 0.20% p.a. of the AUM to be adjusted through NAV and payable to PoP on quarterly basis, in accounts other than Dormant accounts.** This shall be applicable to all existing NPS accounts as well.
ii. Multiple Scheme Framework (MSF)	Annual Charges for the employees/ members under Legal Entities and UoS (other than Government) for Multiple Scheme Framework (MSF)	0.30% p.a. of the AUM (including the applicable PFM charges.)

Notes

GST or other taxes as applicable, shall be additional.
PoPs having their own employees as NPS subscriber may exercise their choice to recover or not to recover PoP charges as per their internal approved policy and shall share such information with CRAs.
Dormant Account will not be charged. Dormant account is defined as such account where subsequent to a contribution in a quarter, there is no contribution for four consecutive quarters as identified at the end of each quarter. d. This circular for common scheme herewith supersedes the circular on “Service Charges that can be collected by POPs under NPS and NPS-Lite” vide circular no. PFRDA/Master Circular/2024/05/PoP- 03 dated 31st January 2025 and PFRDA/2025/24/REG-POP/05 dated 31.12.2025.