Updated By: LatestGKGS Desk
PFRDA increases maximum age of joining under NPS for Private Sector to 65 years
Pension Fund Regulatory and Development Authority (PFRDA) increases the maximum age of joining under New Pension Scheme National Pension System (NPS) for Private Sector to 65 years
The Pension Fund Regulatory and Development Authority (PFRDA) on 1st November 2017, increased the maximum age of joining of New Pension Scheme, National Pension System (NPS) for Private Sector to 65 years from the existing 60 years.
In continuance of the several initiatives undertaken by PFRDA during the last few years to increase the pension coverage in the country.
It has now increased the maximum age of joining under NPS-private sector (all citizen and corporate model) from the existing 60 years to 65 years of age, the pension regulator said in a statement.
Any Indian Citizen resident or non-resident, between the age of 60- 65 years can now join NPS and continue up to the age of 70 years in NPS.
Moreover, the subscribers who are willing to join NPS at the later stage of life will be able to avail the benefits of NPS.
