As per the APY chart, an 18-year-old investor will have to contribute how much money per month, if he or she chooses ₹5000 monthly pension post-retirement?
- AOption (a)
Rs. 210
- BOption (b)
Rs 220
- COption (c)
Rs 230
- DOption (d)
Rs 240
- EOption (e)
None of the above
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Correct answer
Rs. 210
Why this answer is correct
As per the APY chart, an 18-year-old investor will have to contribute ₹210 per month, if he or she chooses ₹5000 monthly pension post-retirement. APY subscriber is required to continue investing till he or she attains 60 years of age. After that they will get monthly amount as per the chose monthly pension.