three. The month-to-month payout is sort of a pseudo wage which comes each month for sure years.
four. This payout is exempt from tax for the beneficiary.
5. It’s notably helpful for households with restricted monetary publicity the place there’s a chance of the lumpsum quantity being mismanaged or squandered away.
(Content material on this web page is courtesy Centre for Funding Training and Studying (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)
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