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Highlights
PFRDA Chairman said that around 15,000 people above 60 joined NPS.
There is also a proposal to hike the maximum corpus limit to Rs 5 lakh
The maximum age of entry into the National Pension System (NPS) may get increased by five years to 70, as the regulatory body the Pension Funds Regulatory and Development Authority (PFRDA) is planning to increase the number of beneficiaries under the scheme.
Previously, the PFRDA had increased the age limit from 60 to 65 some three years ago. On April 15, PFRDA Chairman Supratim Bandyopadhyay said at a virtual press conference that around 15,000 people above 60 joined NPS since the entry age limit was raised from 60 to 65 three years ago.