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