Service Charges;
Intermediary | Charge head | Service Charges* | Method of Deduction | |
Point of Presence | Subscriber registration | Rs. 250/- | To be collected upfront | |
Initial Contribution | 0.50% of contribution amount Minimum ₹ 30/- Maximum ₹ 25,000/- | |||
Subsequent transactions | ||||
Non-Financial transactions | Rs. 30 | |||
Contribution through eNPS platform of NPS Trust | 0.20% of contribution, Min. Rs. 15 Max. Rs. 10,000/- (for NPS All Citizen and Tier-II accounts) | |||
Processing of Withdrawal/exit | 0.125% of corpus Minimum Rs. 125 Maximum Rs.500 | |||
Persistency Charges | ₹ 50 per annum for annual contribution ₹ 1000 to ₹ 2999 ₹ 75 per annum for annual contribution ₹3000 to ₹6000 ₹100 per annum for annual contributions above ₹6000 (only for NPS All Citizen) | Through Cancellation of units | ||
Central Recordkeeping Agency | Account Opening charges (One Time)* | NSDL | KFintech | |
Rs. 40 | Rs. 39.36 | |||
Account Maintenance Charges (Per Annum) | Rs. 69 | Rs. 57.63 | ||
Charge per transaction (Financial /Non-Financial) | Rs. 3.75 | Rs. 3.36 | ||
Pension Fund | Investment Management Fee | 0.0467% - 0.09% | Adjustment in NAV of Scheme | |
NPS Trust | Reimbursement of Expenses | 0.005 % p.a. of Assets Managed | ||
Custodian | Asset Servicing charges | 0.0032% p.a. assets in custody |
* In case a subscriber opts not to have a physical PRAN Card or Welcome Kit, reduced account opening charges of CRA are applicable as under:
CRA | Account opening with a Physical PRAN card (in Rs.) | Account opening with ePRAN card (in Rs.) | |
Welcome kit sent in hardcopy | Welcome kit sent vide email only | ||
NSDL eGov | 40.00 | 35.00 | 18.00 |
Kfintech | 39.36 | 39.36 | 4.00 |
Tier-II transaction charges are the same as Tier-I.
** All charges are excluded GST amount.
NPS Vatsalya, introduced in the 2024 Union Budget, is India’s first pension scheme designed for minors. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), it encourages young Indians to start saving early and ensures long-term financial stability.
At Marwadi Shares and Finance Limited (MSFL), we simplify the process for parents and guardians to help secure their child’s financial future through NPS Vatsalya. MSFL assists with seamless account setup, expert financial guidance, and ongoing support, ensuring your journey with NPS Vatsalya is smooth and rewarding.
Empower your child with the gift of financial security. Marwadi Shares and Finance Limited is here to guide you through every step of the NPS Vatsalya journey.
Attention Investors :