PoP Charges are Changed Many people invest in the National Pension Scheme (NPS) to get pension benefits. Let us tell you that there has been a change in the rules of NPS. Actually, there has been a change in the structure of POP charge on NPS account. If you also invest in NPS then this article is very important. Let us know what POP is.
New Delhi. Pension is a good source of income after retirement. At present many schemes are available to get pension benefits. There is also a National Pension Scheme among these schemes. In this, the investor gets the benefit of pension after the investment amount matures.
If you also invest in NPS i.e. you have an NPS account, then let us tell you that from today there has been a change in the PoP charge structure on NPS account.
The Pension Fund Regulatory and Development Authority (PFRDA), which regulates NPS, has changed the charge structure of Point of Presence (PoP). PFRDA has issued a circular regarding changes in the rules related to point of presence charges.
What is PoP?
It is the responsibility of PoP to keep the NPS account running smoothly. PoP is appointed by PFRDA only. PoP is a type of network. Through this network the customer and NPS are connected to each other. PoP charges fees for providing its service. There is no limit on PoP charge. However, now the minimum and maximum limits of its charge have been fixed.
What are PoP rates?
When an investor registers in NPS for the first time, he will have to pay PoP of Rs 200 to Rs 400. After this the investor will have to pay a contribution of 0.50 percent. This charge remains between Rs 30 to 25 thousand. Apart from this, a charge of Rs 30 is levied on all non-financial transactions.
About NPS Scheme
NPS scheme is a tax saving scheme. In this, after the age of 60 years, the investor gets a part of the invested amount and the other part as pension. The benefits of NPS scheme are available in all banks of the country. In this scheme, applications are made only between 18 to 60 years.
