In the case of Government subscribers in National Pension System, the lump sum is payable to the nominees/legal heirs if the corpus is less than or equal to
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 In normal exit, the full amount can be withdrawn as a lump sum if the corpus is less than or equal to Rs 5 lakh.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.
Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?
(i) Acceptance of demand deposits
...What is the effective tariff rate on the commodity, when no imported inputs are used?
Which of the following statements is (in general) true?
Calculate Operating Surplus:
Items
Rs in crore
Compensation of employees
2000
Rent and interest
800<...
Which of the following statements is not true regarding CIBIL?
Which international body revised India's GDP growth forecast for the fiscal year 2024/25 to 6.8% recently (April 2024)?
The gross fiscal deficit is
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/€ ...
Which of the following statement is correct?
1. If autoregressive parameter (p) in an ARIMA model is 1, it means that there ...