n NISM Certifications
V-A NISM Series V-A
Medium

______ is NOT accepted as a photo identity documentation for Micro SIP.

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Debit card with a photo

  2. B

    Permanent Retirement Account Number (PRAN) card issued to National Pension System (NPS)

  3. C

    Employee ID cards issued by companies registered with the Registrar of Companies

  4. Credit card

    Correct answer

Why this is the answer

A credit card is not accepted as a valid photo ID for Micro SIP because it may not be backed by a bank account, unlike other listed documents.

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