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NPS is one of the low cost pension systems in the world. The cost structure is also very transparent and there is no hidden cost.
Some costs like CRA charges, often criticised as high at the initial stage, however, the same would decline with the increase in number of accounts.
The most significant is the fund management charges, which at present is 0.0009% based on assets under management.
Low cost means more amount for investment leading to higher accumulated wealth at the time of termination from the scheme.
Various charges under NPS-Government Scheme, All Citizens Scheme are shown here.