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:
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Intermediary
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Service
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Charges
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Method of Deduction
|
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POP/Bank
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Initial Subscriber Registration
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Rs.200/-
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To be collected upfront through system
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UOS (unorganized sector)
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Initial Contribution
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0.50% of the contribution, subject to Min. Rs. 30/- and Max.Rs. 25,000/-
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All Subsequent Contribution
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All Non-Financial Transaction
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Rs. 30/-
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Corporate Subscribers
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Initial Contribution
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Negotiation allowed upto 0.50% of the contribution, subject to Min. Rs. 30/- and Rs. 25,000/-.
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To be collected upfront
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All Subsequent Contribution
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All Non-Financial Transaction
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Rs.30/-
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|
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Persistency*
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Rs. 50/- p.a. for annual contribution Rs. 1000/- to Rs. 2999/-
Rs. 75/- p.a. for annual contribution Rs. 3000/- to Rs. 6000/-
Rs. 100/- p.a. for annual contribution above Rs. 6000/
(only for NPS all Citizen)
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Through cancellation of units
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e-NPS (for subsequent contribution)
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0.20% of the contribution Min Rs. 15/- and Max. Rs. 10,000/-
(Only for NPS All Citizen and Tier-II Account)
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To be collected upfront
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Processing of Exit/ Withdrawal
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@0.125% of Corpus with Min Rs. 125/- and Max. Rs. 500/-
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To be collected upfront
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Other Intermediary Charges:
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Intermediary
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Service
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Charges
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Method of Deduction
|
|
Central Record Keeping Agency
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Account Opening charges (One Time)*
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Rs.40/-
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Through cancellation of units
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Account Maintenance Charges (Per Annum)
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Rs. 69/-
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Charge per transaction (Financial / Non-Financial)
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Rs 3.75
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Pension Fund
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Investment Management Fee
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0.0467% - 0.09%
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Adjustment in NAV of Scheme
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NPS Trust
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Reimbursement of Expenses
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0.005 % p.a. of Assets Managed
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Custodian
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Asset Servicing charges
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0.0032% p.a. assets in custody
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* In case a subscriber opts not to have a physical PRAN Card or Welcome Kit, reduced account opening charges of CRA are applicable as under:
|
CRA
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Account
opening with Physical PRAN card (in Rs.)
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Account opening with ePRAN card (in Rs.)
|
|
Welcome kit sent in
hardcopy
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Welcome kit sent vide email only
|
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NSDL eGov
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40.00
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35.00
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18.00
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Tier-II transaction charges are same as Tier-I.
Note:
-
Other Intermediary charges depicted above are as on August 19, 2022 and are subject to change.
*GST is chargeable as per applicable rate.
FAQs for Ombudsman under NPS/APY Click Here
Service Standards for NPS Click Here