Q29. Who among the following can join the National Pension System (NPS)?
a) Resident Indian citizens only
b) Persons of age from 21 to 55 only
c) All State Government employees joining the services after the date of notification by the respective State Governments
d) All Central Government employees including those of the Armed Forces joining the services on or after 1st April, 2004.
The correct answer is Option 3.
- NPS (National Pension System)
- It is a government-sponsored defined contribution pension scheme.
- NPS applies to all new Central Government employees (except the Armed Forces) and Central Autonomous Bodies who join the government on or after January 1, 2004. Hence, statement 4 is incorrect.
- NPS applies to all employees of State Governments and State Autonomous Bodies who join services after the respective State Governments’ notification date. Hence, statement 3 is correct.
- NPS is open to all Indian citizens between the ages of 18 and 60 as of the date of application to a Point of Presence (POP) / Point of Presence-Service Provider (POP-SP). Hence, statement 2 is incorrect.
- NRIs were recently permitted to open National Pension Scheme (NPS) accounts online. Hence, statement 1 is incorrect.
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