PFRDA Clarified regarding non-financial charges for PoPs under NPS (All Citizen and Corporate)

Jan 25, 2023 | by TeamLease RegTech Legal Research Team

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Labour ComplianceThe Pension Fund Regulatory and Development Authority (PFRDA) on January 20, 2023, issued a Clarification on non-financial charges for PoPs under NPS (All Citizen and Corporate).

The following has been stated namely: -

• Circular No. PFRDA/2022/03/REG-POP/01 dated January 31, 2022, on ‘Revision of Service Charges for PoPs under NPS (All Citizen and Corporate)’ has been referred to

• The following has been re-iterated namely: -

“The charges for ‘All Non-Financial Transaction’ (i.e. Rs. 30/-), are fixed/flat charges and accordingly POPs do not have the option to negotiate these charges”.

 

[Notification No. PFRDA/2023/04/REG-PoP/01]


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