Need information regarding nps

[ramandeep]

I recently opened nps through icici and icici is my pop.

I have few questions regarding it:

1. I opened my nps account with initial funding of 500 rs and icici deducted around 250 as their account opening fess as pop. Which i was not aware of initially. So will icici will be deducting their fees every year annually?

2. If icici would be charging me annually can i remove them as pop?

3. What if i don't put min 1k annually in nps and it becomes de-active, how much charge is there to re-activate it?

4. Can i change my pop to cra? If yes then how?

5. Can icici automatically deduct money through my account and invest in nps without my consent and also deduct their fees through my saving account?

please let me know if some has answer to these queries and please answer it one by one so i can understand it easily.

 

[agrawalshishir]

Monthly charges etc deducted ftom units bought

U should do nps full amt, 50k .. it will give the best returns

 

[ramandeep]

Monthly charges etc deducted ftom units bought

U should do nps full amt, 50k .. it will give the best returns

You mean charges are deducted from nps contribution(money which is present in nps) not from my savings account?

And what about rest of questions?

 

[ramandeep]

1 & 3. Regarding charges: https://npscra.nsdl.co.in/nps-charges/ (in your case refer, POP and yes deductions in the form of units)

2 & 4. Regarding shifting: Login to your nps account -> Transact online -> Shift to eNPS (something similar words) and follow the steps

3. To reactivate your NPS account, you will be required to pay a penalty of Rs 100 per year, as well as make the minimum contributions per year for each defaulted year. For reactivating the NPS account, Point-of-Presence charges will be applied.

5. Depends on the instructions given by you, otherwise no.

they have removed the option to shift to enps.. what's else to remove pop?