Recovery of NPS subscription fee/charge – NC JCM writes to DoPT

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Recovery of NPS subscription fee/charge – NC JCM writes to DoPT

Ph: 23382286
National Council (Staff Side)
Joint Consultative Machinery for Central Government Employees
13-C, Ferozshah Road, New Delhi – 110001
Dated: October 31, 2015
Shri Sanjay Kothari,
Ministry of Personnel, Public Grievances & Pensions,
(Government of India)
North Block,
New Delhi – 110001

Dear Sir,

Sub: Recovery of NPS subscription fee/charge
Ref : Dy. General Manager, NPS Trust, New Delhi’s notice dated 19.10.2015

It has come to our notice that, @0.01% of the AUM on daily accrual basis is proposed to be imposed on the NPS Subscribers.

In this connection, it is worth-mentioning that, in the past, it was assured to the Central Government Employees that, no Administrative Charge/Fee would be imposed on any of the Government employees.

Orders to this effect, if so issued, should immediately be withdrawn.

Comradely yours,
(Shiva Gopal Mishra)
Secretary(Staff Side) NC/JCM & Convener

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sureshmtrdc said...

If i invest just rs.5000 in ICICI, all the charges are free to open an account with them. whereas we pay more than a lakh in NPS but still they are charging on percentage basis. who are they to take money from our account.

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