DOP Revised NPS Charges | Roll out of NPS Online Services for Department of Posts (DOP) | DOP NPS All India Citizen Model (ACM)

 F. No. FS-10/39/2021-FS-DOP

Government of India 

Ministry of Communications 

Department of Posts

(FS Division)

Dak Bhawan, Sansad Marg,

New Delhi-110001 Dated: 12th April, 2022.

Subject: Roll out of NPS Online Services for Department of Posts — reg.

This is regarding applicable charges for NPS (ACM - All India Citizen Model) scheme (Physical Mode and Online Mode Both) in Department of Posts.

The Details are as under:

Initial Subscriber Registration - Rs 200 (Flat Charges)

Initial Contribution - Rs 30 (Flat Charges)

All Subsequent Contribution - Rs 30 (Flat Charges)

All Non Financial Transaction - Rs 30 (Flat Charges)

Persistency -

Rs 50/ p.a. for annual contribution Rs. 1,000/ to Rs 2,999/

RS. 75/ p.a. for annual contribution Rs 3,000/ to Rs 6,000/

Rs. 100/ p.a for annuaI contribution alcove Rs. 6,000/

Processing of Exit/ Withdrawal - Rs. 125 (flat charges)

Note: GST or other Govt. taxes as applicable, to be additional.

2.    The Payment Gateway charges, applicable to DOP as POP under NPS Online Charges would be same  as prescribed for SBI ePAY and PayTM through regular / SIP Mode and will be borne Dy DOP. The details are as under

Lumpsum PGSP Commission for Net Banking -

 INR 3.25 exclusive of taxes per transaction (will be  debited by the PGSP before remittance of the aggregated amount)

SBI ePay PGSP Commission for Net Banking - 

INR 2.50 exclusive of taxes per transaction (will be debited by the PGSP before remittance of the aggregated amount)

SIP Processing (Only through Paytm)

Mandate - Processing Fees (Initiation, Amendment & Cancellation)     

- INR 3.50 per mandate (to be charged directly from  subscriber through unit deduction by CRA)

Debit Transaction Charges (Recurring transaction  )     

- INR 1.90 per transaction (will be debited by the PGSP before remittance of the aggregated amount)

GST received after deduction of the PGSP charges (PGSP charges + applicable GST on PGSP charges) shall be filed with the concerned GST Authorities, i.e. by Mysore HO and shall be monitored by CPMG Karnataka and by PAO Bengaluru.

This issues with the approval of competent authority.