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

Under the National Pension System (NPS), the Permanent Retirement Account Number (PRAN) issued to a subscriber has which of the following features?

The PRAN is a single unique number given to an NPS subscriber that stays the same for life. It is portable across employers and locations and is not tied to any one employer, pension fund or account tier, which is why it is called permanent.

  1. AA separate PRAN is issued for every pension fund manager chosen by the subscriber
  2. BIt is a unique number that remains the same for the subscriber's lifetime, irrespective of change of job or locationCorrect
  3. CIt is valid only for the period of employment with a single employer
  4. DIt is issued only to subscribers who opt for Tier II account

Explanation

The PRAN is a unique, portable 12-digit number allotted to each NPS subscriber. It stays the same across jobs and cities and is not linked to a particular employer or pension fund. The other options wrongly tie it to the employer, fund manager or Tier II.

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