I have opened NPS account with Zerodha.
KFinTech is the middlemen(not sure about the exact word to describe them)
Is it possible to transact on NPS portal without logging in to Zerodha ?
Will such TXNs get reflected on Zerodha NPS ?
Why is a charge levied for every contribution w.r.t NPS ? I heard that it is around ₹5 for direct NPS contributions and around ₹30 when done through Zerodha ?
KFIinTech is CRA that hold the records in your case, this one of 3 existing CRA approved from NPS trust.
Yes, you need to login into CRA website, in your case KFinTech and apply for the D-Remit account.
After this you able to transact with UPI and free without any charge, if you done transcation before 9 AM same day NAV allocations also facilated.
Thanks
Why is NPS so complex with so many charges ?
Why hasn’t this been simplified ?
Why not a flat fee taking into account the number of TXNs & some quarterly charges ?
Thank you for your answer. I checked few websites and Actually it’s 20% long term and slab rate short term. If we are so inclined to give more money to the govt we should go to tier2 NPS 
. There’s no benefit apart from this . (Expense ratios are not there but taxes eat away more than expense ratios)
The Tax Benefits for Tier-1 are as follows:
An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act. 1961.
Apart from this, there are tax benefits (exemption) on partial & lumpsum withdrawal, as well as annuity purchase. You can read more about it here: FAQ (NSDL)
All these benefits are not applicable on Tier-2.
@Bhuvan I get an error when trying to open NPS account
“An error occurred (404) when calling the HeadObject operation: Not Found”
Please assist.
That’s weird. Checking.
I’ve opened a ticket as well 20240514724530. Thanks for the prompt response.
I have another question if you do not mind.
I currently do not have any NPS account and I’m trying to open an individual nps account with Zerodha now.
I read that zerodha do not support corporate NPS. If I join an employer that supports Corporate NPS in the future, how would this individual NPS account play out with the corporate NPS contributions from employer?
We are checking on the incorrect error remark showing here, and shall be fixed shortly.
@Neelesh can you provide any timeline on below features?
a) enabling SIP route for NPS contributions
b) shifting NPS from say SBI to Zerodha
Can’t promise any timelines, but there are the priority tasks we have for NPS, which shall be live soon.
Hi All ,
I already have an NPS account , I registered via official website of protean. I’ve been saving in tier 1 for past 4 years.
How can I transfer this account / link this account to Zerodha’s coin ?
It would be helpful if I could consolidate NPS view in zerodha.
Charges are lower with Protean. Any reason to transfer?
any update on nps shifting ?
Not yet. Please give us some time. There are some technical challenges with this.
if i open a NPS account in zerodha, can i tranfer it from zerodha to others?
Yes, you can do it using the CRA system.
This is still work in progress. Might take some time.