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 levied on NPS account. If you also invest in NPS then this article is very important. POP Charges are Changed Many people invest in National Pension Scheme (NPS) to get the benefit of pension. Let us know what POP is.
Business Desk, New Delhi: Currently, there are many schemes to get the benefit of pension. One of these schemes is also the National Pension Scheme. In this, the investor gets the benefit of pension after the investment amount matures. If you also invest in NPS, that is, you have an NPS account, then let us tell you that from today there has been a change in the PoP charge structure on the NPS account.
What is POP
POP is appointed by PFRDA. POP is a kind of network. Customer and NPS are connected through this network. POP charges fees for providing its services. It is the responsibility of POP to ensure smooth running of NPS account. There is no limit on POP charges. However, now the minimum and maximum limit of its charges have been fixed.
What are the POP rates
When an investor registers for NPS for the first time, he will have to pay a 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. The benefit of NPS scheme is available in all the banks of the country. Application in this scheme is made only between 18 to 60 years. In this, after the age of 60 years, the investor gets a part of the invested amount and the other part is received as pension.
