Paragraph match score 86.2%
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What is the Eligibility for National Pension Scheme?
National Pension Scheme (or National Pension System) is a government-sponsored pension scheme launched in 2004 by the Pension Fund Regulatory and Development Authority of India ( PFRDA ).
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What is an Old Age Pension?
Apart from these government-run pensions, individuals can also opt for structured retirement savings schemes at the national level. One such option is the National Pension Scheme ( NPS ), which commenced on 1 January 2004 and is overseen by the Pension Fund Regulatory and Development Authority (PFRDA) under the central government. It is the preferred option for most Indians.