In case of government subscribers, all the charges associated to Tier I account including Annual PRA Maintenance charge are paid by the employer. Tier II activation charge and transaction charges for Tier II is paid by the subscriber.
The POP charges and the CRA charges are given in the table below. For details of other charges, please refer to the offer document.(link to offer document).
|Intermediary||Charge head||Service charges*||Mathd of Deduction|
PRA Opening charges
Annual PRA Maintenance cost per account
Charge per transaction
|Through cancellation of units at the end of each quarter.|
|POP (Maximum Permissible charge for each subscriber)||Initial subscriber registration
Initial contribution upload
Any subsequent transaction involving contribution upload
Any other transaction not involving a contribution from subscriber
0.25% of the initial contribution amount from subscriber subject to a minimum of Rs.20 and a maximum of Rs. 25,000/-
0.25% of the amount subscribed by the NPS subscriber, subject to minimum of Rs.20/- and a maximum of Rs. 25000/-
|To be collected upfront|
*Service tax and other levies, as applicable, will be levied as per the existing tax laws.