Question : In September 2021, the Pension Fund Regulatory and Development Authority (PFRDA) increased the entry age for the National Pension System (NPS) from____ to______.
Option 1: 60 to 65 years
Option 2: 65 to 70 years
Option 3: 62 to 65 years
Option 4: 62 to 70 years
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Correct Answer: 65 to 70 years
Solution : The correct option is 65 to 70 years .
The Pension Fund Regulatory and Development Authority (PFRDA) is responsible for promoting and developing pension funds, protecting the interests of subscribers to pension funds, and ensuring the orderly growth of the pension sector in India. It regulates pension products like the National Pension System (NPS) and the Atal Pension Yojana (APY). PFRDA plays a crucial role in regulating and supervising pension funds and pension fund managers in the country.
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