Page 12 - ஓய்வூதியம் நிதி ஒழுங்குமுறை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Will PFRDA s new NPS entry, exit norms benefit investors?
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No Annuity rider for NPS withdrawals upto ₹5 lakh: PFRDA - The Hindu BusinessLine
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PFRDA permits withdrawal of pension corpus of Rs 5 lakh without buying annuity
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National Pension System: PFRDA board increases age limit for investing in NPS FE Bureau © Provided by The Financial Express Earlier the age bracket for opening an NPS account was 18 to 60 years, which was later increased to 65years.
The board of the Pension Fund Regulatory and Development Authority (PFRDA) has approved increasing the age limit for joining the National Pension System (NPS) from 65 years to 70 years with no cap on the maximum investment limit provided the sources are declared.
This would enable tax savings with contributions to the NPS to be made up to 75 years of age. The yearly investment amount is flexible with the lowest investment amount being Rs 8,000 per annum, Supratim Bandopadhyay, chairman, PFRDA, said at a session of the MCC Chambers.