PFRDA levies charges for investing in NPS account through Point of Presence (POP) outlets
NPS new Rule: Pension fund regulator PFRDA has imposed charges for investing in NPS account through Point of Presence (POP) outlets. According to the new rule, now the charges will be up to 0.25% of the investment. Also, the minimum charge i.e. per customer charge will not be less than Rs 20. Earlier, there was no limit on the minimum fee.
According to the notification of PFRDA, the maximum charge will be 0.25% of the total investment and however there is a ceiling on this. This upper limit will not exceed Rs 25,000. Along with this, the minimum charge will be Rs 20 per customer. If seen, only those investing in less amount will benefit from this.
Invest in NPS
You can open an account in NPS with Rs 500. Recently, PFRDA has increased the maximum age to start investing in NPS to 70 years from 65 years earlier. According to PFRDA, in the last 12 years, the average return in NPS is more than 12 percent.
You can open NPS online
- Click on the link Enps.nsdl.com/eNPS or Nps.karvy.com to open eNPS.
- Click on New Registration and fill your details and mobile number. Your mobile number will be verified with OTP. Fill the bank account details.
- Select your portfolio and fund.
- Enter the name of the nominee.
- You will have to give a canceled check of the account for which you have filled the details. You have to upload canceled cheque, photograph and signature.
- You have to make your investment in NPS.
- After making the payment, your Permanent Retirement Account Number will be generated. You will also get a payment receipt.
- After making the investment, go to the e-sign/print registration form page. Here you can register with PAN and Netbanking. This will do your KYC (Know your customer). While registering, keep in mind that it should match the details given in your bank account. At present 22 banks are providing the facility of taking NPS online. Their information will be available on the website of NSDL.
