New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Recently, The PFRDA has decided to stop the facility of

    credit card payment for NPS contribution in which type of accounts.
    A Tier I Correct Answer Incorrect Answer
    B Tier II Correct Answer Incorrect Answer
    C Tier III Correct Answer Incorrect Answer
    D Both a and b Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The PFRDA has decided to stop the facility of credit card payment for NPS contribution in Tier-2 accounts. The PFRDA made its decision public through an official notification on August 3, 2022. Henceforth, payment through credit cards are not allowed for Tier-2 account for NPS account holders

    Practice Next