General Knowledge · Government Schemes - NPS
Which of the following statements is NOT true regarding the National Pension Scheme (NPS)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
- 2Subscribers to NPS are required to contribute a fixed amount each month, regardless of their income.✓
- 3NPS is portable across jobs and locations, ensuring continuity in the scheme.
- 4NPS offers a Tier-I account that is focused on retirement savings with limited withdrawals.
Correct answer
Subscribers to NPS are required to contribute a fixed amount each month, regardless of their income.
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