NPS charges change Oct 1: Rs 200 fee, 0.20% annual charge; who pays?
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a new fee structure for the National Pension System (NPS) effective October 1, 2026. Changes include a one-time onboarding fee of Rs 200 and an annual management charge of 0.20% of assets under management.
Why it matters
These changes directly impact the cost structure for millions of pension subscribers in India, affecting long-term retirement savings.
New NPS charges from October 1: The Pension Fund Regulatory and Development Authority (PFRDA) has updated the charges that Point of Presence (PoP) entities are permitted to levy on subscribers under the National Pension System (NPS) and NPS Lite.These revised charges will come into effect from October 1, 2026, while Central Recordkeeping Agencies will begin implementing the deduction from the third quarter of FY 2026-27.In a circular dated August 28, 2026, PFRDA has done away with the distinction between common schemes and schemes launched under the Multiple Scheme Framework (MSF).The circular, titled ‘Standardised framework for classification and presentation of schemes under the National Pension System (NPS), also sets out the charges applicable to subscribers making contributions through e-NPS and D-Remit.New NPS PoP onboarding charge from October 1, 2026: What changesOne-time onboarding chargeUnder the new fee structure, subscribers registering for NPS through a PoP will be charged a one-time onboarding fee…
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