Question
Download Solution PDFIn September 2021,the Pension Fund Regulatory and Development Authority (PFRDA) increased the entry age for the National Pension System (NPS) from_______ to ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 65 years; 70 years.Key Points
- In September 2021, PFRDA increased the entry age for the National Pension System (NPS) from 65 years to 70 years.
- The maximum age for joining the National Pension Scheme is 70 years.
- A citizen of India, whether resident or non-resident can join NPS (National Pension Scheme).
Additional Information
- Pension Fund Regulatory and Development Authority:
- It is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the National Pension System (NPS).
- It works under the Department of Financial Services under the Ministry of Finance.
- Functions:
- It performs the function of appointing various intermediate agencies like Pension Fund Managers, Central Record Keeping Agency (CRA), etc.
- It develops, promotes, and regulates the pension industry under the NPS and also administers the APY.
Last updated on Jul 21, 2025
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