NPS

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/Bank		Initial Subscriber Registration	Rs.200/-	To be collected upfront through system
	UOS (unorganized sector)	Initial Contribution	0.50% of the contribution, subject to Min. Rs. 30/- and Max.Rs. 25,000/-
		All Subsequent Contribution
		All Non-Financial Transaction	Rs. 30/-
	Corporate Subscribers	Initial Contribution	Negotiation allowed upto 0.50% of the contribution, subject to Min. Rs. 30/- and Rs. 25,000/-.	To be collected upfront
		All Subsequent Contribution
		All Non-Financial Transaction	Rs.30/-
		Persistency*	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)	Through cancellation of units
		e-NPS (for subsequent contribution)	0.20% of the contribution Min Rs. 15/- and Max. Rs. 10,000/- (Only for NPS All Citizen and Tier-II Account)	To be collected upfront
		Processing of Exit/ Withdrawal	@0.125% of Corpus with Min Rs. 125/- and Max. Rs. 500/-	To be collected upfront

Other Intermediary Charges:

Intermediary	Service	Charges	Method of Deduction
Central Record Keeping Agency	Account Opening charges (One Time)*	Rs.40/-	Through cancellation of units
	Account Maintenance Charges (Per Annum)	Rs. 69/-
	Charge per transaction (Financial / Non-Financial)	Rs 3.75
Pension Fund	Investment Management Fee	0.0467% - 0.09%	Adjustment in NAV of Scheme
NPS Trust	Reimbursement of Expenses	0.005 % p.a. of Assets Managed
Custodian	Asset Servicing charges	0.0032% p.a. assets in custody