Question

    For what purpose is the PRAN number used, a 12-digit unique identifier assigned to individuals?

    A Tax identification Correct Answer Incorrect Answer
    B Passport number Correct Answer Incorrect Answer
    C Social security number Correct Answer Incorrect Answer
    D Retirement Account Number Correct Answer Incorrect Answer
    E Driving license number Correct Answer Incorrect Answer

    Solution

    PRAN number, also known as Permanent Retirement Account Number, is a 12-digit unique identifier assigned to individuals enrolled in the National Pension Scheme (NPS). It is crucial for managing retirement accounts, contributing towards savings, tracking pension funds, and accessing NPS benefits.

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