How to Open an NPS Account: Online & Offline

Steps to Open an NPS Account

What Are the Documents Required to Open an NPS Account?

Details Required to Open NPS Account

What Are the Charges for Opening an NPS Account?

 

Now that the reader knows how to open an NPS account, they may be curious about the fees required to do the same. 

  • The NPS charges are as follows if you choose to open an NPS account via a POP.

Intermediary

Charge Head and Service Charges for Private Sector

Point of Presence Service Providers

*NA for Government

Point of Presence Service Providers

The initial registration and contribution upload is ₹200

Point of Presence Service Providers

Subsequent transactions charges are calculated as: 0.25% of the contribution, Minimum: ₹20, Maximum: ₹25000, Non-financial transactions: ₹20

Point of Presence Service Providers

Persistency > 6 months & ₹1000 contribution is charged at ₹50 per annum

Point of Presence Service Providers

Contribution through eNPS is charged at 0.10% of the contribution Minimum ₹10, Maximum ₹10,000

  • The NPS charges are as follows if you choose to open an NPS account via a CRA like NSDL or Karvy Fintech.

Intermediary

Charge Head

Service Charges (Private/Govt)

CRA

PRA Opening Charges

CRA charges for an account for a physical PRAN card (in ₹ ): NCRA: ₹40, KCRA: ₹39.36

CRA

PRA Opening Charges

CRA charges for account opening for an e-PRAN card (in ₹ ) - The welcome kit has been sent physically: NCRA: ₹35, KCRA: ₹39.36

CRA

PRA Opening Charges

CRA charges for account opening for an e-PRAN card (in ₹ ) - The welcome kit has been sent via email only: NCRA: ₹18, KCRA: ₹4

CRA

Annual PRAN maintenance cost per account

NCRA: ₹95, KCRA: ₹57.63

CRA

Charge per transaction

NCRA: ₹3.75, KCRA: ₹3.36

Where to Open an NPS Account?

 

As mentioned previously, you can open an NPS account online from the official NSDL website or KFINTECH website. But, in case you want to follow the offline process, you can visit a Point of Presence Service Provider.

Listed below are banks and other institutions that act as service providers where NPS can be opened.

Bank and Non-Bank Institutes That Are POPs

Bank and Non-Bank Institutes That Are POPs

Bank and Non-Bank Institutes That Are POPs

Abhipra Capital Limited

Finwizard Technology Private Limited

Punjab National Bank

Alankit Assignments Limited

Gujarat Infotech Limited

Religare Broking Limited

Angel Broking Limited

HDFC Bank Limited

SMC Global Securities Limited

Arihant Capital Markets Limited

ICICI Bank Limited

State Bank of India

Bank of Baroda

IDBI Bank Limited

Steel City Securities Limited

Bank of India

Indian Bank

Stock Holding Corporation Of India Limited

Bank of Maharashtra

Indian Overseas Bank

Tamilnad Mercantile Bank Ltd

Canara Bank

Integrated Enterprises (India) Private Limited

The Karur Vysya Bank

Central Bank of India

Kotak Mahindra Bank Limited

The South Indian Bank Limited

Dayco Securities Private Limited

Marwadi Shares and Finance Limited

UCO Bank

DBFS Securities Limited

Muthoot Finance Limited

Way2Wealth Brokers Private Limited

Monarch Networth Capital Limited

Union Bank Of India

Elite Wealth Advisors Limited

ESAF Small Finance Bank Limited

Narnolia Securities Limited

Yes Bank Limited

Eureka Stock And Share Broking Services Limited

Prudent Corporate Advisory Services Limited

Punjab National Bank

In conclusion, this article discussed how to open an NPS account, where these accounts could be opened, and the documents required. 

Therefore, we hope that this piece answers all your queries about “how to open an NPS account” simpler for you!

Frequently Asked Questions