<h1>PFRDA Raises Maximum Age Limit for Joining National Pension System to 65 Years for Private Sector Participants.</h1> The Pension Fund Regulatory and Development Authority (PFRDA) has increased the maximum age for joining the National Pension System (NPS) for the private sector from 60 to 65 years. This change allows Indian citizens, both residents and non-residents aged 60-65, to join NPS and continue until 70. Subscribers joining after 60 have the same pension fund and investment options as younger members. They can exit normally after three years, using at least 40% of the corpus for annuity purchase. The change aims to provide senior citizens with better retirement planning options and fund management for improved returns.