Big news for pensioners! Entry age under NPS increased, check details here

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.

New Delhi: In a big news for subscribers of the National Pension System (NPS), the Pension Fund Regulatory And Development Authority (PFRDA) has revised the existing age of entry into NPS from existing 18-65 years to 18-70 years. The PFRDA has advised CRAs to roll out the new feature for the benefit of Subscribers in a time bound manner. Also, CRAs need to disseminate the information and create awareness through SMS, Educational videos, FAQ, Email communication and creative contents as deemed fit, said PFRDA. In response to the large number of requests received from the existing Subscribers to remain invested under NPS beyond 60 years or beyond their superannuation, and the desire from citizens above 65 years to open NPS, it has been decided to increase the entry age of NPS in the interest of Subscribers and benefit them with the opportunity of creating a long term sustainable pension wealth. The existing age of entry which is 18-65 years has been revised to 18-70 years, the PFRDA said.