Non-Resident Indians (NRIs) are
now permitted to subscribe to National Pension System governed and administered
by Pension Fund Regulatory and Development Authority (PFRDA).
The subscription to the NPS would be subject to the following conditions:
- Such subscriptions are made through normal banking channels and the person is eligible to invest as per the provisions of the PFRDA Act;
- The annuity/ accumulated saving will be repatriable
- A Non-Resident Indian, who subscribes to the National Pension System, shall make payment either by inward remittance through normal banking channels or out of funds held in his NRE/FCNR/NRO account.
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