Age bar raised under national Pension Scheme

National Pension Scheme: Age limit raised to 65 years

Question: Recently, the Pension Fund Regulatory and Development Authority have announced to raise the upper age limit of the National Pension Scheme from the existing 60 years to –
(a) 61 years
(b) 62 years
(c) 65 years
(d) 70 years
Answer: (c)
Related Facts:

  • On September 11th, 2017, Pension Fund Regulatory and Development Authority have raised the upper limit to join National Pension Scheme (NPS) to 65 from 60.
  • Its aim is to make it attractive and easy for customers by transferring old age funds into National Pension Scheme (NPS).

Reference:
http://zeenews.india.com/personal-finance/national-pension-scheme-entry-age-limit-raised-to-65-years-from-the-current-60-2041264.html
https://www.oneindia.com/india/national-pension-scheme-age-bar-raised-to-65-from-60-2541436.html