Our bank has launched National Pension System (NPS), through all our branches. PNB is registered as Point of Presence (POP) and all our branches will act as Point of Presence-branches(POP-SP) for assisting the individuals for operating NPS.
National Pension system (NPS) launched by Govt. of India and regulated by PFRDA, is a voluntary, defined contribution retirement savings scheme. NSDL e-governance infrast. Ltd. is CRA (central record keeping agency) for recording details of subscriber.
Under the NPS, an individuals’ savings is pooled in a pension fund. These funds are invested by PFRDA regulated professional fund managers as per the approved investment guidelines in the diversified portfolios comprising of government bonds, bills, corporate debentures and shares.
For more details, please visit PFRDA site at www.pfrda.org.in
For Registration:
• Subscriber Registration : Click Here
• Subsequent contribution : Click Here
Bank Charges:
|
Intermediary
|
Service
|
Charges*
|
Method of Deduction
|
|
POP
|
Initial Subscriber Registration
|
Rs. 200/-
|
Collected upfront
by system itself
|
|
Initial Contribution
|
0.25% of the contribution Min: Rs.20/- & Max Rs.25,000/-
|
|
All Subsequent Contribution
|
|
All Non-Financial Transaction
|
Rs. 20/-
|
*GST is chargeable as per applicable rate.
CENTRAL RECORDKEEPING AGENCY (CRA) charges
|
Charge Head |
Charges (excluding Tax) |
|
One time account opening charge |
If the subscriber opts for Physical PRAN card
(Option A) |
If the subscriber opts for no despatch of Physical PRAN card. Subscriber Master Report, Welcome kit and PIN mailers to be despatched
(Option B) |
If the subscriber opts for no despatch of Physical PRAN card and other documents (Subscriber Master Report, Welcome kit and PIN mailers) and no digitisation of data and photograph/signature upload required at CRA (Option C) |
|
Rs. 40 /- |
Rs. 35 /- |
Rs. 18 /- |
|
Annual Maintenance Charge (For an entire year) |
Rs. 84 /- |
|
Transaction (Contribution, change in scheme preference, switch and withdrawal) |
Rs. 3.75 /- per transaction |
Note:
1. CRA charges depicted above are as on August 12, 2020 and are subject to change
2. The CRA charges are realised through redemption of equivalent units on a quarterly basis
3. Options B and C under Account opening charges are currently under development at CRA will also be dependent on the development undertaken/mode of interface with CRA opted by the POP.
CENTRAL RECORDKEEPING AGENCY (CRA) charges
|
Intermediary |
Service |
Charges* |
Method of Deduction |
|
POP |
Initial Subscriber Registration |
Rs. 200/- |
Collected upfront by system itself |
|
Initial Contribution |
0.25% of the contribution Min: Rs.20/- & Max Rs.25,000/- |
|
All Subsequent Contribution |
|
All Non-Financial Transaction |
Rs. 20/- |
*GST is chargeable as per applicable rate.
FAQs for Ombudsman under NPS/APY Click Here