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

Under the National Pension System (NPS) in India, the Permanent Retirement Account Number (PRAN) issued to a subscriber is best described as which of the following?

The PRAN is a unique, permanent account number given to an NPS subscriber. It stays the same for life regardless of change of employer or location, which makes the pension account portable. It is not linked to a particular employer, tier or pension fund manager.

  1. AA unique number that stays the same for the subscriber's lifetime, irrespective of change of job or locationCorrect
  2. BA number that changes every time the subscriber changes employer
  3. CA number valid only for Tier II accounts
  4. DA number issued separately for each pension fund manager chosen

Explanation

The PRAN is a unique, permanent 12-digit number allotted to each NPS subscriber. It remains the same across jobs and cities, so the subscriber keeps one account identity. The other options wrongly tie it to employer, tier or fund manager.

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