n NISM Certifications
XVII NISM Series XVII
Medium

What are the rules for transferring funds between Tier I and Tier II accounts under the National Pension System (NPS)?

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

Options

  1. A

    Funds can be transferred from Tier I to Tier II and not vice versa

  2. B

    Funds can be transferred from Tier I to Tier II and vice versa

  3. Funds can be transferred from Tier II to Tier I and not vice versa

    Correct answer

  4. D

    Funds cannot be transferred between these accounts

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

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