India

NPS charges change Oct 1: Rs 200fee, 0.20% annual charge; who pays?

Under the new fee structure, subscribers registering for NPS through a PoP will be charged a one-time onboarding fee of Rs 200 for each Permanent Retirement Account Number (PRAN). However, the entire Rs 200 will not be taken from the subscriber’s account at once.

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India — TOI BUSINESS DESK