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Maximum age of joining National Pension System (NPS) increased from the existing 60 years to 65 years under NPS- Private Sector

News and Press Release - Dated:- 1-11-2017 - In continuance of the several initiatives under taken by Pension Fund Regulatory and Development Authority (PFRDA) during the last few years to increase the pension coverage in the country, PFRDA has now i .....

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nd continue up to the age of 70 years in NPS. With this increase of joining age, the subscribers who are willing to join NPS at the later stage of life will be able to avail the benefits of NPS. NPS provides a very robust platform to the subscriber t .....

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their late 50s or 60s are now living an active life allowing them to be employed productively. The subscriber joining NPS beyond the age of 60 years will have the same choice of the Pension Fund as well as the investment choice as is available under .....

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at least 40% of the corpus for purchase of annuity and the remaining amount can be withdrawn in lump-sum. In case of such subscriber willing to exit from NPS before completion of 3 years in the NPS, he/she will be allowed to do so, but in such case, .....

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