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Which one of the following is the maximum age of joining National Pension System (NFS) under the NFS Private Sector?

Which one of the following is the maximum age of joining National Pension System (NFS) under the NFS Private Sector? Correct Answer 65 years

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 increased the maximum age of joining under NPS-Private Sector (i.e. All Citizen and Corporate Model) from the existing 60 years to 65 years of age.

Now, any Indian Citizen, resident or non-resident, between the age of 60-65 years, can also join NPS and 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.

Related Questions

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Directions : Following question consists of a statement followed by four arguments I, II, III and IV. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument.

Statement : Should there be reservation of jobs in the organizations in the private sector also as in the public sector undertakings in India?

Arguments :
I. Yes. This would give more opportunities of development to the weaker sections of the society and thus help reduce the gap between the affluent and the downtrodden in India.
II. No. The private sector does not get any government assistance and therefore they should not be saddled with such policies.
III. No. Nowhere else in the world such a practice is being followed.
IV. No. The management of the private sector undertaking would not agree to such compulsions.
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