Check National Pension System fees and charges

NPS has one of the lowest service charges among similar investment products. These charges are regulated by PFRDA.
Charge Structure for Private Sector (NPS & NPS Vatsalya)
Intermediary Charge head CRAs Method of deduction
    Computer Age Management Services Ltd (CAMS) KFIN Technologies Private Limited Protean eGov Technologies Ltd (Formerly NSDL e-Governance Infrastructure Limited) To be collected upfront
HDFC Bank (POP Charges) First Year of subscribers onboarding

(effective from 01.01.2026)		 0.2% p.a. of the AUM (subject to minimum of Rs. 30/-) and 0.1% p.a. for CPSE employees (subject to minimum of Rs.15/-) pro-rata on quarterly basis.
Second Year onwards

(effective from 01.01.2026)		 0.2% p.a. of the AUM (subject to minimum of Rs.30/-) and 0.1% p.a. for CPSE employees (subject to minimum of Rs.15/-) pro-rata on quarterly basis, in accounts other than Dormant accounts(^). This shall be applicable to all existing accounts as well
(^) 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.
CRA 1.New NPS Account opening Amt - INR Through cancellation of units at the end of each quarter
e-PRAN Kit 18
Physical PRAN Card 40
2.Transaction Charge 0
3.Account Maintenance Charge per Account (AMC)
Tier I Corpus Slab (In ₹)
AUM SLAB (Amt -INR) Upper Cap$
Nil 0
1 - 2,00,000 100
2,00,001 - 10,00,000 150
10,00,001 - 25,00,000 300
25,00,001 - 50,00,000 400
Above 50,00,000 500
$such reduced/negotiated charges shall not be below the upper cap stipulated in respect of the immediately
preceding slab.
Custodian Asset Servicing charges 0.000000001770% per annum for Electronic segment & Physical segment
PFM charges Slabs of AUM managed by the Pension Fund Maximum Investment Management Fee (IMF) Through adjustment in NAV
Upto 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%
*UTI Retirement Solutions Ltd charges a fee of 0.07% under this slab
The IMF to be charged by the Pension Fund on the slab structure would be on the aggregate AUM of the Pension Fund under all schemes managed by Pension Funds.These rates of IMF shall be reviewed by the Authority in a period of five (5) years from the date of implementation.
Under Non-Government Sector, the following shall be the structure for IMF (with effect from 1 April 2026):
Slabs of AUM (in Rs. Crores) IMF rates for Non-Government Sector subscribers (NGS)
Up to 25,000 0.12%
Above 25,000 & Up to 50,000 0.08%
Above 50,000 & Up to 1,50,000 0.06%
Above 1,50,000 0.04%
NPS Trust Reimbursement of expenses 0.003% pa
*GST and other levies, as applicable, will be levied as per the existing tax law
Other taxes / regulatory levies applicable from time to time.


**Persistency charges is payable to such POPs to which the subscriber is associated for more than six months in a financial year.

*GST and other levies, as applicable, will be levied as per the existing tax law

*KYC verification charges of eNPS application ₹125 + taxes

*Processing of Exit / Withdrawal Upto 0.125% of Corpus subject to maximum ₹500/-

Other taxes / regulatory levies applicable from time to time.

Investment Options

Subscribers can choose their investment allocation across different asset classes with two primary options available:

Active Choice: This allows subscribers the flexibility to customise their portfolio across four asset classes:

  • Equity (E): Involves high-risk, high-return investments in equity, with up to 75% allocation possible.
  • Corporate Bonds (C): Invests in fixed-income instruments offering moderate returns.
  • Government Securities (G): Invests solely in government securities.
  • Alternate Assets (A): Includes real estate bonds and infrastructure projects, capped at a maximum of 5% due to higher risk.
     

Auto Choice - Life Cycle Fund: If Active Choice isn't selected, contributions are automatically allocated based on the subscriber's age. This option starts with higher equity exposure at a younger age, gradually shifting towards a balanced mix of high, medium, and low-risk investments. For instance, equity allocation starts at 50% in "E," 30% in "C," and 20% in "G" until age 36, adjusting over time to 10% in "E" and "C" and 80% in "G" asset classes.

NPS Facilities

NPS Mobile Application: The 'NPS by NSDL e-Gov' app allows subscribers to monitor their NPS account, check scheme holdings, view the latest Net Asset Value (NAV), and assess the total scheme value. It also provides transaction statements for each financial year and details of the last five contributions. Subscribers can manage fund managers, asset classes, and allocation ratios directly through the app.

Subscriber Login Features:

  • Profile Details
  • Transaction Statements
  • Scheme Holdings
  • Contribution Statements
  • Transactions via OTP Authentication
    • Contribution Management
    • Tier II Withdrawals
    • Scheme Preferences Adjustment
    • One-Way Switch (from Tier II to Tier I)
    • PRAN Card Reprint
  • Contact Details Update
  • Address Change via Aadhaar Authentication
  • Grievance Redressal
     

Additional Features:

  • E-PRAN View and Download
  • NAV Information
  • Tier II Account Details
  • Point of Presence (POP) Information
     

Facilities Outside Login:

  • Online Contribution
  • Tier II Account Activation
  • IPIN Reset
     

Address Update via Aadhaar Authentication: Subscribers can update their address using Aadhaar-based authentication by entering their Aadhaar number, receiving an OTP, and confirming the new details from the Aadhaar system.

Online IPIN Generation: Immediate access to NPS accounts after registration with instant IPIN generation.

Online Contribution: Contribution management accessible with IPIN credentials, enabling seamless fund additions through the platform.

FAQ's

In the NPS, the cost associated with making deposits primarily includes administrative and fund management charges. These charges are relatively low compared to other investment avenues. For Tier-I accounts, which are mandatory for NPS subscribers, the Pension Fund Regulatory and Development Authority (PFRDA) has capped the fund management charges at 0.0102% per annum of the Assets Under Management (AUM) for all Pension Fund Managers (PFMs). Additionally, there are transaction charges applicable for contributions made through various modes like online banking or physical payment outlets, depending on the chosen Point of Presence service provider.

Under the National Pension System (NPS), charges are structured to ensure transparency and minimal impact on returns for subscribers. Key charges include a CRA (Central Recordkeeping Agency) charge of approximately 0.005% of the NAV (Net Asset Value) per annum, capped at ₹14 per transaction. The fund management fee is up to 0.10% per annum for managing assets under management, deducted before arriving at the NAV. Additionally, custodian charges are up to 0.03% per annum of the asset value, covering safekeeping and other services. These charges are designed to maintain affordability while offering a robust retirement savings vehicle.

The interest rate in the National Pension System is not fixed like traditional savings accounts but is dependent on the performance of the underlying investment options chosen by the subscriber. NPS offers two investment choices: the Active Choice and the Auto Choice (Life Cycle Fund). Under the Active Choice, subscribers can allocate their contributions across various asset classes like Equity, Corporate Bonds, Government Securities, and Alternate Assets. The returns in each asset class vary based on market conditions. The Auto Choice adjusts asset allocation based on the subscriber's age, aiming to balance risk and return over time.