Our bank has launched National Pension System (NPS), through all our branches. PNB is registered as Point of Presence (POP) and all our branches will act as Point of Presence-branches(POP-SP) for assisting the individuals for operating NPS.
National Pension system (NPS) launched by Govt. of India and regulated by PFRDA, is a voluntary, defined contribution retirement savings scheme. NSDL e-governance infrast. Ltd. is CRA (central record keeping agency) for recording details of subscriber.
Under the NPS, an individuals’ savings is pooled in a pension fund. These funds are invested by PFRDA regulated professional fund managers as per the approved investment guidelines in the diversified portfolios comprising of government bonds, bills, corporate debentures and shares.
For more details, please visit PFRDA site at www.pfrda.org.in
For Registration:
Individual Registration : Click Here
Vatsalya Registration : Click Here
SIP : Click Here
Contribution in NPS : Click Here
Bank Charges:
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Charge structure applicable for Common Schemes under NPS (All Citizen & Corporate Model) including NPS Vatsalya
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Particulars
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Charges
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One Time Onboarding charge
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Rs. *200/- per new account (equivalent of Rs. 50/- on quarterly basis will be deducted through cancellation of units by CRA/s and payable to Bank in the month subsequent to the quarter in which on-boarding is completed).
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Annual charges
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0.20% p.a. of the AUM to be adjusted through NAV and payable to Bank on quarterly basis, in accounts other than Dormant accounts. This shall be applicable to all existing NPS accounts as well.
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Notes:
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GST or other taxes as applicable, shall be additional.
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Dormant Account will not be charged. Dormant account is defined as such account where subsequent to a contribution in a quarter, there is no contribution for four consecutive quarters as identified at the end of each quarter.
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*Where subscriber onboarding is undertaken through a fully digital and non-face-to-face mode, between the Bank and the subscriber, a reduced one-time onboarding charge of Rs. 100/- may be applicable, as may be determined by the Authority at the time of registration of Bank and thereafter
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*GST is chargeable as per applicable rate.
FAQs for Ombudsman under NPS/APY Click Here
Service Standards for NPS Click Here
POP Certificate of Registration