To incentivise points of presence (PoPs) such as banks and broking firms to enrol more people under the National Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) should allow higher initial subscriber registration charge, according to a top official of a pension fund management firm.
Though this charge was raised to ₹200 in October 2017 from ₹125 earlier, the official said that it needs to be suitably hiked further so that PoPs feel incentivised enough to actively distribute NPS.
