NPS changes in New Year: Banks to manage NPS funds, key charges revised; Check what will change for these NPS subscribers

Scheduled Commercial Banks can now sponsor pension funds. PFRDA has revised charges for Points of Presence in NPS schemes. Investment management fees for pension funds will also see changes from April 1, 2026. These updates aim to strengthen the pension ecosystem and enhance competition for subscribers. New charge structures will be effective from January 1, 2026.