What is Tier 1 and Tier 2? NPS offers two categories of accounts as of now: Tier 1 Account: Meant for retirement savings for govt and private sector employees along with other Indian citizens. Tier 2 Account: Meant for general investment.
Is Tier 1 the highest or lowest? Tier 1 is the lowest and Tier 8 is (currently) the highest.
The Tiers are designated by Roman numerals (I, II, III, IV, V, VI, VII, VIII = 1, 2, 3, 4, 5, 6, 7, 8) etc.
What are Tier 2 companies? What Is Tier 2? Tier 2 companies are the suppliers who, although no less vital to the supply chain, are usually limited in what they can produce. These companies are usually smaller and have less technical advantages than Tier 1 companies.
What is the difference between OEM and Tier 1? Tier 1 suppliers are companies that supply parts or systems directly to OEMs. These suppliers usually work with a variety of car companies, but they’re often tightly coupled with one or two OEMs, and have more of an arms-length relationship with other OEMs.