Subscribers can make their contributions to Tier I or Tier II accounts, by depositing the contribution amount with their associated POP-SP, along with a NCIS (NPS Contribution Instruction Slip), giving details of PRAN. Subscriber can also transfer the contribution online, through the eNPS website- https://enps.kfintech.com.
A subscriber is required to make atleast one contribution to his/her Tier I account in each financial year. He/she should contribute minimum contribution of Rs. 1,000 per financial year and minimum amount per contribution should be Rs. 500. There is no minimum contribution requirement for Tier II account.
The subscriber’s account would be “frozen”, i.e., further transactions will not be allowed in his/her Permanent Retirement Account. If Tier I account is frozen, Tier II account also automatically stands frozen.
POP has to upload the Contribution File in CRA system for the concerned subscriber to "Unfreeze" the account.
| Intermediary | Charge head | Service Charges |
|---|---|---|
| Private | ||
| Karvy CRA | PRA Opening charges | Rs 39.36 |
| Annual PRA Maintenance cost per account | PRs 57.63 | |
| Charge per transaction | Rs 3.36 | |
| POP | Initial subscriber registration | Rs 200 |
| Initial Contribution/Subsequent Contribution | 0.25% of contribution (Min. Rs 20 Max. Rs 25000) | |
| All Non-Financial Transactions | Rs 20 | |
| Persistency | Rs 50 p.a | |
| e-NPS (for subsequent contribution) | 0.10% of the contribution (Minimum Rs. 10 & Max Rs. 10,000) | |
| Custodian | Asset Servicing charges | 0.0032% p.a for Electronic segment & Physical segment |
| PF charges | Investment Management Fee | 0.01% p.a. |
| NPST | Reimbursement of Expenses | 0.005% p.a |
CRA’s charges would include the charges levied by the CRA for opening NPS account, annual maintenance of the account, processing contribution, change requests, withdrawal requests, sending Statement of Account and other requests like re-print of PRAN card etc.
If the Corporate has agreed to bear the charges, invoice billing is raised against the Corporate. If the subscribers are bearing the charges, CRA Charges are collected through redemption of units.
