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      Question

      Under the NPS Scheme, what is the minimum annuity

      purchase requirement for non-government subscribers , at the time of normal exit ? Β 
      A 20% Correct Answer Incorrect Answer
      B 40% Correct Answer Incorrect Answer
      C 60% Correct Answer Incorrect Answer
      D 80% Correct Answer Incorrect Answer
      E No such requirement Correct Answer Incorrect Answer

      Solution

      Ans. B Β  At exit, if the corpus is above Rs.5 lakh, the annuity purchase requirement for non-government subscribers would fall from 40% . The balance 60% can be paid out as lumpsum.

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