I have been asked by many senior citizens and people close to their retirement (aged 55 years or more) if they should invest in NPS (National Pension Scheme)? Before November 2017, the maximum age to open NPS account was 60 years and hence senior citizens could not invest. However, PFRDA changed this and has increased the maximum age for opening of NPS account to 65 years (Download Circular). NPS Rules relevant to Senior Citizens If you read through the circular there are few things which are important to note from…
Friday, April 25, 2025
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