Deutsche Bank ready to be NPS custodian for just Rs 100 per year

The existing custodian, Stock Holding Corporation of India, a large depository participant owned by public financial institutions, charges close to ₹19 crore for the job. Other institutions in the race for the custody mandate of the National Pension Scheme (NPS) have quoted fees of more than ₹1crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ECTeIk