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    • Question

      An NPS subscriber retires with a corpus of ₹60 lakh

      and opts to use 40% for annuity purchase. If the annuity rate is 6% per annum, what is the annual pension income?
      A ₹1,20,000 Correct Answer Incorrect Answer
      B ₹1,44,000 Correct Answer Incorrect Answer
      C ₹1,56,000 Correct Answer Incorrect Answer
      D ₹1,80,000 Correct Answer Incorrect Answer
      E ₹2,00,000 Correct Answer Incorrect Answer

      Solution

      Annuity = 40% of ₹60 lakh = ₹24 lakh Annual pension = 6% of ₹24 lakh = ₹1,44,000

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