The decision to raise the maximum entry age from 60 years to 65 years comes in the wake of the feedback received by the PFRDA from senior citizens above the age of 60 about their desire to join the scheme. The other major factor PFRDA took into consideration while deciding on the revision in entry age is that the longevity of Indian people has increased and, therefore, people do not retire at the age of 60 and continue to work beyond 60 years of age.
The NPS has emerged as a scheme for income security of senior citizens. The scheme is open to all citizens of India and offers a diverse choice of investment schemes based on the risk appetite and objectives of investment.
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