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.source https://economictimes.indiatimes.com/industry/banking/finance/banking/deutsche-bank-ready-to-be-nps-custodian-for-just-rs-100-per-year/articleshow/87476164.cms
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