Which bank recently launched a digital platform for opening National Pension System (NPS) accounts using mobile phones along with Pension Fund Regulatory and Development Authority?

The correct answer is Bank of India.

Step-by-step Explanation:

1. Context of the Digital Initiative: To improve digital adoption and enhance customer convenience, the Pension Fund Regulatory and Development Authority (PFRDA) has been working with financial institutions to digitize the onboarding process for the National Pension System (NPS).

2. Bank of India's Launch: Bank of India (BOI) recently integrated its digital services with the NPS platform. This enables customers to open their NPS accounts seamlessly using mobile phones by scanning a QR code or accessing the bank's digital platform.

3. Key Benefits: This mobile-friendly digital onboarding process eliminates the need for physical visits to branches or filling out paper forms, making the retirement planning process quick, paperless, and highly accessible.