NPS – Swavalamban
- Registration number – 32092018
- Schemes under which PoP is registered – NPS – Lite
- Validity of Registration – 17.01.2027
Launched in 2009 by the Government of India, the National Pension Scheme from PFRDA made way for every working citizen of India to save part of their income for their pension. To extend the coverage of NPS to the weaker and economically disadvantaged sections of society with their limited investment potential, NPS- Swavalamban (Lite) was launched which promotes small savings during their productive life, in order to prevent economic deprivation in later stages of their lives.
CA Grameen is exclusively serving existing subscribers of NPS, with no new subscriptions being accepted. Subscribers can make contributions by visiting CA Grameen branches, with the flexibility to contribute a minimum of INR 1,000 and a maximum of INR 12,000 annually. For Swavalamban Subscribers whose accumulated pension wealth does not exceed INR 1 Lakh, there’s an option to preclose and withdraw the corpus by forgoing the government contribution. The services provided include complete withdrawal at the age of 60, withdrawal by the nominee upon the death of the subscriber, and premature exit after reaching 40 years of age.
| Charge structure applicable from 01.10.2026 for All Schemes under NPS and NPS Lite | |
| Particulars | Charges |
| One-Time Onboarding charge | Rs. *200/- per PRAN (equivalent of Rs. 50/- on quarterly basis will be deducted through cancellation of units by CRA(s) and payable to PoP in the month subsequent to the quarter in which on-boarding is completed). |
| Annual charges | 0.20% p.a. of the AUM to be adjusted through NAV and payable to PoP on quarterly basis, for all schemes other than Dormant accounts. |
| Note: GST or other taxes as applicable, shall be additional. Dormant Account will not be charged. Dormant account is defined as such account(s) identified by a unique PAN across all CRAs, where subsequent to a contribution in a quarter, there is no contribution for four consecutive quarters as identified at the end of each quarter. Where subscriber onboarding is undertaken through a fully digital and non-face-to-face mode, between the PoP and the subscriber, a reduced one-time onboarding charge of Rs. 100/- may be applicable, as may be determined by the Authority at the time of registration of PoP and thereafter. | |