Pension Fund Regulatory and Development Authority (PFRDA) has taken several initiatives in the past few years to increase pension coverage in the country, notably introducing e-NPS, reducing minimum contribution levels, new investment instruments, aggressive life cycle funds etc.

PFRDA has now taken a further step in this direction by increasing the incentives payable to Points of Presence (POPs), the principal distributive points for National Pension System (NPS).

The following Table gives the details of increase in incentives:

Principal Distribution Point	Services offered	Current Charge	New Charge
POP	Initial Subscriber Registration*	₹ 125/-	₹ 200/-
	Initial Contribution	0.25% of the contribution Min: ₹ 20/- & Max : ₹ 25,000/-	0.25% of the contribution Min: ₹ 20/- & Max : ₹ 25,000/-
	All Subsequent Contribution
	All Non-Financial Transaction	₹ 20/-	₹ 20/-
	Persistency*	-----	₹ 50/- per annum (only for NPS-All Citizen)
	e-NPS* (for subsequent contributions)	0.05% of the contribution Min ₹ 5/- & Max ₹ 5000/- (Only for NPS- All Citizen and Tier-II Accounts)	0.10% of the contribution Min ₹ 10/- & Max ₹ 10000/- (Only for NPS- All Citizen and Tier-II Accounts)

*Changes effected

A new incentive towards increasing persistency has been introduced under which POPs will receive an incentive of ₹ 50/- per account per annum for every account which continues to contribute a minimum of ₹ 1000/- in a financial year.

PFRDA believes that the renewed incentive will help in increasing the reach of pensions in India, through the efforts of Points of presence (POPs).

Pension distribution incentives increased to strengthen POP engagement and boost National Pension System participation and contribution persistency. The authority increased incentives payable to Points of Presence to expand National Pension System coverage by raising the charge for initial subscriber registration, maintaining charges for subsequent and non financial transactions, adjusting e NPS commission rates for subsequent contributions in retail accounts, and introducing an annual persistency incentive payable to POPs for each account that continues to contribute a minimum amount in a financial year to promote continuous contributions and retention.