Scribd Logo
Upload

Welcome to Scribd!

  • Fees Charges N Ps

    Uploaded by

    Prashant
    5 views1 page
    Fees and charges under the National Pension System (NPS) vary depending on whether the subscriber is private or government. For private subscribers, the initial registration fee is Rs. 50 and annual maintenance fee is Rs. 190. Transaction fees are Rs. 4 per transaction. Government subscribers pay reduced fees marked with an asterisk. The International Organisation of Pension Supervisors introduced standardized metrics to compare pension fees internationally. For NPS, the Charge Ratio ranges from 0.55% for Government subscribers to 4.70% for private subscribers. The Equivalent Asset Fee ranges from 0.02% to 0.17% depending on the type of subscriber.

    Original Description:

    FeesChargesNPS.pdf

    Original Title

    Fees Charges n Ps

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Fees and charges under the National Pension System (NPS) vary depending on whether the subscriber is private or government. For private subscribers, the initial registration fee is Rs. 50 and annual maintenance fee is Rs. 190. Transaction fees are Rs. 4 per transaction. Government subscribers pay reduced fees marked with an asterisk. The International Organisation of Pension Supervisors introduced standardized metrics to compare pension fees internationally. For NPS, the Charge Ratio ranges from 0.55% for Government subscribers to 4.70% for private subscribers. The Equivalent Asset Fee ranges from 0.02% to 0.17% depending on the type of subscriber.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    5 views1 page

    Fees Charges N Ps

    Uploaded by

    Prashant
    Fees and charges under the National Pension System (NPS) vary depending on whether the subscriber is private or government. For private subscribers, the initial registration fee is Rs. 50 and annual maintenance fee is Rs. 190. Transaction fees are Rs. 4 per transaction. Government subscribers pay reduced fees marked with an asterisk. The International Organisation of Pension Supervisors introduced standardized metrics to compare pension fees internationally. For NPS, the Charge Ratio ranges from 0.55% for Government subscribers to 4.70% for private subscribers. The Equivalent Asset Fee ranges from 0.02% to 0.17% depending on the type of subscriber.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Applicable fees/charges levied on NPS Subscribers

    Intermediary

    CRA

    Charge head
    PRA Opening charges
    Annual PRA Maintenance cost per
    account
    Charge per transaction
    Initial subscriber registration and
    contribution upload

    POP
    Any subsequent transactions

    Private
    Rs. 50

    Service Charges*
    Government
    Rs. 50*

    Lite
    Rs 35

    Rs. 190

    Rs. 190*

    Rs 50

    Rs. 4

    Rs. 4*

    12 free

    Rs. 125

    NA

    NA

    0.25% of
    contribution,
    Min. Rs 20 Max. Rs
    25000

    NA

    NA

    NIL
    0.0075% p.a for Electronic segment & 0.05% p.a.
    Asset Servicing charges
    Custodian
    for Physical segment
    Investment Management Fee
    0.01% p.a.
    0.0102% p.a.
    PF charges
    * In case of Government employees, CRA charges are being paid by the respective Governments.
    Trustee Bank

    Internaional Comparison of Fees/Charges under NPS


    International Organisation of Pension Supervisiors (IOPS) in its Working Paper 6
    Comparison of Costs + Fees in Countries with Private Defined Contribution Pension
    Systems published by Denise Gomez Hernandez and Fiona Stewart had introduced the
    concept of Charge Ratio and Equivalent Asset Fee for enabling standardized
    international comparison of fees due to existence of diversity of charges across countries.
    Charge Ratio measures the impact that any type of administrative charge can have on the
    final balance (after 25 or 40 years) of an individual retirement account compared to the
    hypothetical balance that could be obtained if no administrative fees were charged at all.
    Equivalent Asset Fee is the annualized charge over assets which would have generated
    exactly the same final asset accumulation as the actual combination of charges on flows
    entering the individual account, on the accumulated assets and on the returns applied to the
    individual retirement account as well as any entry or exit charges applied to an individual
    retirement account during a certain period of time.

    Charge Ratio and Equivalent Asset Fee under NPS


    Particulars
    Charge Ratio
    Equivalent Asset Fee
    Assumptions
    Monthly Contribution Rs 1000
    Return on Contribution 8%
    Contribution Period 40 years

    Private
    4.70%
    0.17%

    Government
    0.55%
    0.02%

    Lite
    0.95%
    0.03%

    You might also like