Recovery of NPS subscription fee/charge – NC JCM writes to DoPT
National Council (Staff Side)
Joint Consultative Machinery for Central Government Employees
13-C, Ferozshah Road, New Delhi – 110001
E-Mail: [email protected]
Dated: October 31, 2015
Shri Sanjay Kothari,
Ministry of Personnel, Public Grievances & Pensions,
(Government of India)
New Delhi – 110001
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Orders to this effect, if so issued, should immediately be withdrawn.
(Shiva Gopal Mishra)
Secretary(Staff Side) NC/JCM & Convener