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RBI Grade B Phase 1 PYP >> May 28, 2022 - Shift 2 >> General Awareness

Question :

In the case of superannuation, a subscriber can claim 100% withdrawal if the total accumulated corpus is less than or equal to Rs ___ lakh at the time of superannuation/attaining the age of 60 years.

1. Rs 2 lakh

2. Rs 5 lakh

3. Rs 10 lakh

4. Rs 1 lakh

5. Rs 15 lakh

Correct Answer : 2

Solution :

Under superannuation schemes, subscribers can claim a 100% withdrawal of their accumulated corpus if the amount is Rs 5 lakh or less when they reach the age of 60 years.

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