Bank of India Won Atal Pension Yojana Annual Award for FY2023–24 by PFRDA

Current Context: The Bank of India (BOI) did win the Atal Pension Yojana (APY) Annual Award for the financial year 2023-24.

• This award was presented by the Pension Fund Regulatory and Development Authority (PFRDA).
• This is the second year in a row that BOI has received this recognition for their performance in APY enrolments.
• Here are some additional details about the award:
• BOI was also awarded the APY Ultimate Champions Cup.
• Three of their branches were recognized among the top five branches across India for APY enrolments.
• The State Level Bankers' Committee (SLBC) Jharkhand, led by BOI, received the prestigious "Award of Ultimate Leadership" for their contribution to APY enrolments in the state.

Question:

1 Which award did the Bank of India (BOI) win for the financial year 2023-24?

• A) Best Public Sector Bank Award
• B) Atal Pension Yojana (APY) Annual Award
• C) National Award for Financial Inclusion
• D) Best Digital Banking Initiative Award

Answer: B) The Bank of India (BOI) did win the Atal Pension Yojana (APY) Annual Award for the financial year 2023-24. This award was presented by the Pension Fund Regulatory and Development Authority (PFRDA).