n NISM Certifications
XVII NISM Series XVII
Medium

When an NRI exits the NPS, the annuity and lump sum payments are made in Indian Rupees, regardless of the currency used for contributions.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. In Indian Rupees

    Correct answer

  2. B

    As per the choice mentioned in the application form

  3. C

    Currency in which the investments were made through NRE or NRO account

  4. D

    Either in Indian Rupees or US Dollars

Why this is the answer

All withdrawals, including annuities and lump sums, are disbursed in Indian Rupees, ensuring standard currency for retirement benefits.

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