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
B ₹1,44,000
C ₹1,56,000
D ₹1,80,000
E ₹2,00,000
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