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This 80:20 rule for premature exit will apply to both the Government and Non-Government sector subscribers of NPS joining between 18-60 years. However, in the case of the Non-Government sector, the person should be a subscriber for 10 years. Under PFRDA (Exit and Withdrawal) (Amendment) Regulations, 2021 dated 14th June 2021, the provisions related to the lump sum withdrawal were modified for the benefit of subscribers. According to a PFRDA circular dated 21st September 2021, if the corpus is equal to or below Rs 2.5 lakh, then the full amount will be paid as a lump sum to the subscriber. In normal exit, the full amount can be withdrawn as a lump sum if the corpus is less than or equal to Rs 5 lakh. If the corpus is above Rs 5 lakh, then at least 40% of the accumulated pension wealth of the Subscriber has to be utilized for the purchase of an Annuity.
Three partners, A, B, and C, invest Rs 12,000, Rs 15,000, and Rs 18,000 respectively in a business. After one year, the total profit generated is Rs 22,...
If the ratio of time periods of investment of A and B is 3:5, profit at the end of the year is Rs.120000 and A’s share in it is Rs.20000, then what is...
A and B started a business by investing sum in the ratio 3:4 respectively for 7 and 9 months respectively. If annual profit earned by B is Rs.2400, then...
‘A’ and ‘B’ invested Rs. 4000 and Rs. 2000, respectively in a business, together. After 7 months, ‘A’ withdrew 20% of his initial investment...
‘A’ started a business by investing Rs. 2000. Four months later, ‘B’ joined by investing Rs. ‘x’. If at the end of the year ‘B’ received...
Three persons Arvind, Bittu and Chinmey entered into a partnership with initial capitals of Rs.5000, Rs.7000, Rs.9000 respectively for 6 months, 5 month...
A started a business with an investment of Rs.36000. After few months B joined him with an investment of Rs.42000. If at the end of the year, they share...
Armaan, Malik, and Chinky collectively invested Rs. 1.05 lakh in a business. The investment ratios among them are such that Armaan's investment to Malik...
Three Partners Neil, Nitin and Mukesh invested in the ratio of 3/2 , 2/3 , 4/3 in a business. After 3 months Neil decreased his capital by 50%. If the t...
A and B started a business with investments in the ratio 3:5 respectively. After 5 months, C joined them with an investment 60% more than the investment...