New SIDBI Grade A New Batch Starts on Nov 18

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    Question

      As per the new rules, the processing time of withdrawal from NPS is ________

    A T+1 Correct Answer Incorrect Answer
    B T+2 Correct Answer Incorrect Answer
    C T+3 Correct Answer Incorrect Answer
    D T+4 Correct Answer Incorrect Answer
    E T+5 Correct Answer Incorrect Answer

    Solution

    The withdrawal requests of subscribers at the time of exit have been reduced to T+2 working/settlement days from T+4 earlier. (T being the day of authorization of withdrawal request by Nodal office/PoP/Subscriber). The ‘T’ depends on the cut-off time for Settlement which varies between 10.30 am to 11.00 a.m. However, it may change depending upon other settlement factors.  

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