Recently the entry age in the National Pension System (NPS) was raised from 60 to 65. And, this is a reason to smile for many senior citizens who did not enter this product at an earlier age. With the fall in interest rates of small savings schemes and even the basic savings deposits, senior citizens have been hit the most, as they depend on fixed-income instruments for regular income with adequate safety.
Catering to increasing life span: Normally, one does not bother about the upper limit of entry in an instrument. The expectation is that most people who enter NPS would be

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