Question
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 Armed Forces joining the services on or after 1st April, 2004.
Answer:
C
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Explanation:
The National Pension System (NPS) is a defined contribution-based pension scheme launched by the Government of India. The eligibility for joining NPS includes the following:
1. All new employees of the Central Government service (except Armed Forces) and Central Autonomous Bodies joining government service on or after 1st January 2004.
2. All employees of State Governments and State Autonomous Bodies joining services after the date of notification by the respective State Governments.
Additionally, all citizens of India between the ages of 18 and 60 years as on the date of submission of their application to the Point of Presence (POP) or Point of Presence-Service Provider (POP-SP) can join NPS.
Recently, Non-Resident Indians (NRIs) were also allowed to open National Pension Scheme (NPS) accounts online.
Therefore, the correct answer is (c) All State Government employees joining the services after the date of notification by the respective State Governments.