n NISM Certifications
XVII NISM Series XVII
Medium

KYC formalities for subscribing to NPS must be fulfilled by submitting the necessary documents along with the subscriber registration form at the time of registration.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    KYC compliance is needed before the eligibility to subscribe for NPS is determined

  2. KYC forms have to be submitted along with the subscriber registration form

    Correct answer

  3. C

    KYC compliance is needed only if bank account details are provided

  4. D

    KYC compliance is needed only when opening the Tier II account

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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