The new charges will come into effect from December 1, 2026. (File Photo)
\n\nThe Pension Fund Regulatory and Development Authority (PFRDA) has deferred the rollout of revised charges for subscribers under the National Pension System (NPS) and NPS Lite by two months. The new fee structure, which was initially scheduled to take effect on October 1, 2026, will now come into force on December 1, 2026.
\n\nThe revised framework, announced on August 28, 2026, introduces a one-time onboarding fee of Rs 200 for each Permanent Retirement Account Number (PRAN), along with an annual charge equivalent to 0.20 per cent of assets under management (AUM) across NPS schemes. A lower onboarding fee may apply to subscribers who complete the process entirely through digital, non-face-to-face channels.
\n\nIn a circular dated October 26, 2026, the pension regulator confirmed the revised timeline, stating that “the date of implementation of the revised charge structure specified therein, which was earlier prescribed as 01.10.2026, stands revised to 01.12.2026.”
\n\nThe circular added, “Accordingly, the Central Recordkeeping Agencies (CRAs) shall implement the revised charge structure for deduction of applicable charges with effect from 01.12.2026.”
\n\nThe regulator's decision gives intermediaries additional time before the new fee arrangements become operational. The…
Original source: https://www.timesnownews.com/business-economy
