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NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Retirement Products

Under the National Pension System (NPS), a subscriber's Permanent Retirement Account Number (PRAN) is best described as:

The PRAN is a unique permanent 12-digit number allotted to an NPS subscriber. It does not change when the subscriber changes job or city, and both Tier I and Tier II accounts are linked to the same PRAN throughout the subscriber's life.

  1. AA unique 12-digit number that remains the same across jobs and locations for the subscriberCorrect
  2. BA number that changes whenever the subscriber changes employer
  3. CA number issued separately for Tier I and Tier II accounts
  4. DA number valid only until the subscriber turns 60

Explanation

PRAN is a unique, permanent 12-digit number allotted to each NPS subscriber. It stays the same irrespective of change of job or location. Tier I and Tier II accounts are linked to the same PRAN, so the option claiming separate numbers is wrong.

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