Podcast
Questions and Answers
What percentage of the accumulated fund can be withdrawn upon reaching 60 years of age?
What percentage of the accumulated fund can be withdrawn upon reaching 60 years of age?
- 40% (correct)
- 20%
- 30%
- 50%
Which of the following options is NOT mentioned for receiving regular pension income from the balance amount after withdrawing 40%?
Which of the following options is NOT mentioned for receiving regular pension income from the balance amount after withdrawing 40%?
- Monthly
- Quarterly
- Six-monthly
- Biannually (correct)
What is the maximum amount that can be invested yearly in a Public Provident Fund (PPF) account?
What is the maximum amount that can be invested yearly in a Public Provident Fund (PPF) account?
- Rs. 1,00,000
- Rs. 2,00,000
- There is no limit mentioned
- Rs. 1,50,000 (correct)
Under which section of the Income Tax Act can an additional deduction of Rs. 50,000 be claimed for investment in a Tier-1 account?
Under which section of the Income Tax Act can an additional deduction of Rs. 50,000 be claimed for investment in a Tier-1 account?
Which of the following is NOT a feature of the Pradhan Mantri Vay Vandna Yojna (PMVVY)?
Which of the following is NOT a feature of the Pradhan Mantri Vay Vandna Yojna (PMVVY)?
What is the primary purpose of the Employees' Pension Scheme (EPS)?
What is the primary purpose of the Employees' Pension Scheme (EPS)?
Which of the following statements about the National Pension Scheme (NPS) is correct?
Which of the following statements about the National Pension Scheme (NPS) is correct?
Why is it recommended to consider other retirement plans in addition to the EPS pension?
Why is it recommended to consider other retirement plans in addition to the EPS pension?
What restriction is mentioned regarding withdrawals from the Tier-1 NPS account?
What restriction is mentioned regarding withdrawals from the Tier-1 NPS account?
What is the advantage of the NPS mentioned in the text?
What is the advantage of the NPS mentioned in the text?
