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NPS Charges – Common Scheme (Axis Bank)
| Intermediary | Charge Head | Charges | Mode of Deduction |
|---|---|---|---|
| POP Charges (effective from 01.10.2026) | First Year – Subscriber Onboarding / POP Servicing Charges | • 0.2% p.a. of the AUM applicable across schemes, excluding dormant accounts (subject to a minimum of Rs. 30/-) • 0.1% p.a. for CPSE employees (subject to a minimum of Rs. 15/-), pro-rata on quarterly basis or • Rs. 200/- per new account (charged monthly in the month following onboarding, with provision for a reduced charge of ₹100 for eligible fully digital non-face-to-face onboarding as determined by PFRDA) | Recovered on quarterly basis by unit cancellation |
| Second Year onwards | • 0.2% p.a. of the AUM applicable across schemes, excluding dormant accounts (subject to a minimum of Rs. 30/-) • 0.1% p.a. for CPSE employees (subject to a minimum of Rs. 15/-) • Charged pro-rata quarterly via unit cancellation • Applicable to all active accounts, excluding dormant accounts | Recovered on quarterly basis by unit cancellation | |
| CRA | E-PRAN Kit | Rs. 18/- | — |
| Physical PRAN Kit | Rs. 40/- | — | |
| Annual Maintenance Charge (Slab-wise) | Up to Rs. 1,00,000/- → NIL Rs. 1,00,001/- to Rs. 2,00,000/- → Rs. 100/- Rs. 2,00,001/- to Rs. 10,00,000/- → Rs. 150/- Rs. 10,00,001/- to Rs. 25,00,000/- → Rs. 300/- Rs. 25,00,001/- to Rs. 50,00,000/- → Rs. 400/- Rs. 50,00,001/- and above → Rs. 500/- | — | |
| Custodian | Custody Fee | 0.000000001770% | Collected by adjusting in NAV on daily basis |
| NPS Trust | Trustee Fees | 0.003% | Collected by adjusting in NAV on daily basis |
| Pension Fund Manager | Investment Management Fee | Up to 0.12% (from April 1, 2026) Up to 0.09% (up to March 31, 2026) | Collected by adjusting in NAV on daily basis |
NPS Charges – MSF (Axis Bank)
A) Consolidated Scheme Charge (within MSF cap)
| Particulars | Charges |
|---|---|
| One-Time Onboarding Charge | Rs. *200/- per PRAN (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 onboarding is completed) |
| Annual Charges | 0.20% p.a. of the AUM to be adjusted through NAV and payable to PoP on quarterly basis, for all schemes other than Dormant accounts |
B) Charges Over & Above the 0.30% Cap (to be disclosed separately)
| Intermediary | Charge Head | Charges |
|---|---|---|
| CRA (Central Recordkeeping Agency) | Account Opening | Rs. 18/- (for e-PRAN) Rs. 40/- (for physical PRAN card) |
| Account Maintenance | Up to Rs. 1,00,000/- → NIL Rs. 1,00,001/- to Rs. 2,00,000/- → Rs. 100/- Rs. 2,00,001/- to Rs. 10,00,000/- → Rs. 150/- Rs. 10,00,001/- to Rs. 25,00,000/- → Rs. 300/- Rs. 25,00,001/- to Rs. 50,00,000/- → Rs. 400/- Rs. 50,00,001/- and above → Rs. 500/- | |
| Custodian | Custody Fees | 0.000000001770% p.a. |
| NPS Trust (NPST) | Trustee Fees | 0.003% p.a. |
*GST or other taxes as applicable shall be additional.