The PFRDA has made the National Pension System (NPS) more appealing to subscribers who join after the age of 65 by allowing them to invest up to 50% of their funds in equity and reducing the departure requirements.

Following the increase in the maximum age for joining the NPS from 65 to 70 years old, the Pension Fund Regulatory and Development Authority (PFRDA) has changed the standards for entry and exit. The NPS entry age has been changed from 18-65 years to 18-70 years.

Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years, according to a PFRDA circular on the revised guidelines.