AMC Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/amc/ All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more. Tue, 02 Apr 2013 01:52:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://centralgovernmentnews.com/wp-content/uploads/2019/02/cropped-central-government-employees-news-32x32.png AMC Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/amc/ 32 32 CRA reduces AMC by almost 20% and transaction charges by more than 16% https://centralgovernmentnews.com/cra-reduces-amc-by-almost-20-and-transaction-charges-by-more-than-16/ https://centralgovernmentnews.com/cra-reduces-amc-by-almost-20-and-transaction-charges-by-more-than-16/#respond Tue, 02 Apr 2013 01:52:29 +0000 http://centralgovernmentnews.com/?p=2286 CRA reduces AMC by almost 20% and transaction charges by more than 16%   CRA had reduced Annual Maintenance Charges (AMC) from Rs. 350 to Rs. 280 and Transaction Charges from Rs. 10 to Rs. 6 once the number of accounts (PRANs) crossed 10 lakhs. It was committed to reduce the charges once the number […]

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]]> CRA reduces AMC by almost 20% and transaction charges by more than 16%

 

CRA had reduced Annual Maintenance Charges (AMC) from Rs. 350 to Rs. 280 and Transaction Charges from Rs. 10 to Rs. 6 once the number of accounts (PRANs) crossed 10 lakhs. It was committed to reduce the charges once the number of accounts reaches 30 lakhs. However, with commendable increase in the number of subscribers in a short span of one year, CRA has reduced the AMC by almost 20% to Rs. 225 and Transaction Charges by more than 16% to Rs.5 even before reaching the milestone.

 

Intermediary Charge Head Charges Method of Recovery
CRA
Account opening
AMC
Transaction (contribution, change in scheme preference, switch and withdrawal)
Rs. 50
Rs. 225
Rs. 5
Redemption of units on a quarterly basis

Source: https://www.npscra.nsdl.co.in/news_detail.php?id=24

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