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Entry age increase in National Pension System
September 3 , 2021
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- The Pension Fund Regulatory and Development Authority (PFRDA) has increased the entry age for the National Pension System (NPS) from 65 years to 70 years.
- Earlier the eligible age to invest in NPS was 18-65 years.
- Now it is revised to 18-70 years.
- As per the revised norms, any Indian Citizen, resident or non-resident and Overseas Citizen of India (OCI) between the age of 65-70 years can join NPS and continue or defer their NPS Account up to the age of 75 years.
- If a person joins NPS after 65 years, then the Normal Exit shall be after 3 years.
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