PFRDA aligns Tier II charges with Tier I for NPS subscribers

Sourav Kumar, Published on May 2nd, 2026

PFRDA aligns Tier II charges with Tier I for NPS subscribers

The PFRDA clarified that under revised charges for National Pension System (NPS) subscribers, taking effect from July 2026, Annual Maintenance Charges (AMC) for Tier II accounts will be aligned with Tier I charges within same sector. No AMC will apply if balance is up to ₹1,000 at quarter-end, it added. Dormant accounts will be charged only 10% of normal AMC.

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