n NISM Certifications
XVII NISM Series XVII
Medium

What are the minimum contribution requirements for a Tier I NPS account?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Rs 500 at opening, Rs 500 per contribution, Rs 1000 annually

    Correct answer

  2. B

    Rs 250 at opening, Rs 250 per contribution, Rs 5000 annually

  3. C

    Rs 1000 at opening, Rs 500 per contribution, Rs 3000 annually

  4. D

    Rs 1000 at opening, Rs 250 per contribution, Rs 6000 annually

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

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