What are the charges for investing in NPS using Coin?
Zerodha charges ₹200 for opening an NPS account, a commission of 0.25% of the contribution amount or ₹30 whichever is higher, plus 18% GST. NPS investments are not held in demat form, and there is no separate Account Maintenance Charge (AMC) charged for NPS. The maximum commission fee for NPS contributions is capped at ₹25,000.
Example scenario
- An investment of ₹1000 is made.
- ₹200 + ₹36 (18% GST) = ₹236 as account opening is charged.
- Commission of 0.25% on 1000 = ₹2.5. But ₹30 + ₹5.4 (18% GST) will be charged as a commission since that is higher.
- Total charges = ₹271.4 (236+35.4).
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