NPS charges from October 1, 2026: PFRDA revises PoP fees, ₹200 onboarding charge and 0.20% AUM fee explained
Mint 1 hr ago·31 Aug 2026, 8:02 am
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a new fee structure for Point of Presence (PoP) agents, effective October 1, 2026. The changes introduce a fixed ₹200 onboarding charge for new subscribers and an annual fee of 0.20% on the assets under management (AUM). This revision aims to standardize charges across the National Pension System (NPS) and its retail variant, NPS Lite, while also addressing the treatment of dormant accounts and exemptions for e-NPS users.
For retail investors, these changes could impact the long-term cost of their retirement savings. The fixed onboarding fee is a one-time cost, but the 0.20% annual AUM fee will apply every year, potentially reducing the net returns on the portfolio. The regulator has clarified that this fee will be deducted from the subscriber's account, and the new rules will apply uniformly to all PoPs, ensuring a level playing field in the market.
Investors should monitor how PoPs adjust their service offerings in response to these changes. While the new fees are designed to improve the sustainability of the NPS ecosystem, they may lead to higher costs for small investors. It is advisable to review your current NPS account details and stay updated on any further announcements from PFRDA regarding the implementation of these revised charges.
Excerpt from Mint
PFRDA will revise the NPS and NPS Lite PoP charge structure from 1 October 2026, including a ₹ 200 onboarding fee and 0.20% annual AUM charge. The regulator has also clarified when e-NPS users are exempt, how dormant accounts are treated and why the original onboarding route matters. National Pension System (NPS)…Read the original at Mint
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