The Pension Fund Regulatory Development Authority (PFRDA) on April 29, 2026, issued clarification on the Charge Structure of CRAs under the pension schemes regulated/administered by the PFRDA.
The following has been stated:-
•PFRDA has clarified the charge structure for Central Recordkeeping Agencies (CRAs) under NPS and related pension schemes.
•The Annual Maintenance Charge (AMC) for Tier II accounts will align with Tier I, with no AMC for balances up to ₹1,000, and a separate AMC applicable for each scheme within a PRAN.
•Dormant accounts will be charged only 10% of the applicable AMC, with clear criteria for classification effective from July 01, 2026.
•PRAN opening charges will apply only once at initial generation, while activation of additional accounts will be free, and accounts with zero balance under APY and NPS-Lite will have no AMC.
•Charges will be collected quarterly either from the concerned entity or via deduction from the subscriber’s account, while other provisions of the earlier circular remain unchanged.
[Circular No.: PFRDA/2026/23/REG-CRA/01]
