PFRDA circular PFRDA/2026/16/REG-POP/01 · 10 Mar 2026
Official title
Charge structure of Point of Presence (PoP) for Common Schemes under NPS (All Citizen) including NPS Vatsalya and NPS Lite
Summary
Check the official recordThe Pension Fund Regulatory and Development Authority (PFRDA) has revised the charge structure for Points of Presence (PoPs) regarding Common Schemes under NPS (All Citizen), including NPS Vatsalya and NPS Lite. The new structure includes a one-time onboarding charge of Rs. 200 per new account and an annual charge of 0.20% of the Assets Under Management (AUM), applicable to all existing accounts except dormant ones. Digital, non-face-to-face onboarding may qualify for a reduced fee of Rs. 100. Minimum contribution requirements are set at Rs. 250 for onboarding and Rs. 10 for subsequent contributions. PoPs must publicly display these charges and notify subscribers during digital transactions. The revised structure is effective from January 1, 2026, with implementation for charge deductions starting in Q4 of FY 2025-26.
What you must do
Key dates
Who is affected
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Circular No.: PFRDA/2026/16/REG-POP/01
Date: 10 March 2026
To
All Point of Presence (PoP), Central Record Keeping Agencies (CRA/s) and other Stakeholders.
Subject: Charge structure of Point of Presence (PoP) for Common Schemes under NPS (All Citizen) including NPS Vatsalya and NPS Lite
Regulation 16 of Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018 (hereinafter referred to as “POP Regulations”) states that “the charges that may be collected by the point of presence from the subscriber shall be subject to the limit, mode and manner of collection, as permitted by the Authority”.
| Charge structure applicable from 01.01.2026 for Common Schemes (All Citizen) including NPS Vatsalya and NPS Lite |
|---|
| Particulars |
| One Time Onboarding charge |
| Annual charges |
| Notes: |
| i. |
| ii. |
| iii. |
Minimum Contribution: There shall be a minimum contribution of Rs. 250/- at the time of onboarding and Rs 10/- at the time of making subsequent contributions for subscribers under NPS (All Citizen) including NPS Vatsalya and NPS-Lite.
Further, it may be noted that subscribers onboarded through e-NPS and making subsequent contributions through e- NPS or D-Remit shall not be liable to pay any PoP charges. It may be noted that subscribers onboarded through a POP and making subsequent contributions through e-NPS or D-Remit, shall be liable to pay PoP charges as prescribed above.
All Points of Presence (PoPs) are mandated to publicly display their updated charge structure on their respective websites and bring this attention to their stakeholders on immediate basis. This information must also be clearly presented to subscribers during the transaction process through pop-up notification, in their digital on- boarding journey.
This circular herewith supersedes the circular on Service Charges that can be collected by POPs under NPS and NPS-Lite vide circular no. PFRDA/Master Circular/2024/05/PoP- 03 dated 31st January 2025 and PFRDA/2025/24/REG-POP/05 dated 31.12.2025.
This charge structure shall be implemented by the Central Recordkeeping Agencies (CRAs) for the deduction of charges starting from Q4 of FY 2025–26 onwards.
This Circular is issued in exercise of powers conferred under sub-section (1) of Section 14 read with clause (e) of sub-section (2) of Section 14 of Pension Fund Regulatory and Development Authority Act, 2013.
Yours Sincerely,
Ashish Kumar Chief General Manager Regulation Contribution Management Department
Page 2 of 2 5th Floor, Tower E, World Trade Center, Nauroji Nagar, New Delhi – 110 029 Phone: 011 - 26517501, 26517503. website: www.pfrda.org.in
