Senior citizens can earn good returns from NPS

The raising of the entry age in NPS has opened up an attractive new investment avenue for them

Arnav Pandya 

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 ...

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First Published: Sat, September 16 2017. 21:55 IST