Q1. Match List I with List II under the PFRDA circular dated 15 May 2026 on National Pension System decumulation, and select the correct code:\nList I (Provision)\nA. Annuity requirement waived entirely\nB. Lump-sum withdrawal capped at Rs 6 lakh with rest annuitised\nC. New ceiling on lump-sum withdrawal of corpus\nD. New maximum age for continuing NPS account\nList II (Value)\n1. Total corpus up to Rs 8 lakh\n2. Corpus between Rs 8 lakh and Rs 12 lakh\n3. 80 per cent\n4. 85 years
Explanation
A is matched with 1 because annuity is waived entirely for corpora up to Rs 8 lakh. B is matched with 2 because for corpora between Rs 8 lakh and Rs 12 lakh, only Rs 6 lakh can be lump-sum and the rest is annuitised. C is matched with 3 because the new lump-sum ceiling is 80 per cent of corpus. D is matched with 4 because the new continuation age is 85 years. The correct code is A-1, B-2, C-3, D-4.