Queries

Banks, PoPs Levy Recurring Charges For NPS Rajiv Ranjan, Kanpur Which is a better way to open a National Pension System (NPS) account—through my bank or through the NSDL website? What is the difference between the two? The Centre has initiated the NPS to provide a pension system towards retirement security. The Pension Fund Regulatory And Development Authority had appointed NSDL, KFINTECH and CAMS as the central recordkeeping agencies (CRAs). These CRAs appoint point of presence (PoP) entities, such as banks, stock brokers and non-banking financial companies (NBFCs), where subscribers to NPS can open an account through physical facility or their online platforms. You can open an NPS account either directly through an e-NPS facility from NSDL, KFINTECH or the CAMS website or through PoPs. Charges taken by CRAs and PoPs vary for initial subscription, for contribution, for...