It has been decided, to enable National
Pension System (NPS) as an investment option for NRIs under FEMA, 1999.
Accordingly, NRIs may subscribe to the NPS, provided such subscriptions are
made through normal banking channels and the person is eligible to invest as
per the provisions of the PFRDA Act.
The subscription amounts shall be paid
by the NRIs either by inward remittance or out of funds held in their
NRE/FCNR/NRO account. There shall be no restriction on repatriation of the
annuity/ accumulated savings.
Based on RBI
Circular dt 29/10/15. Please visit www.rbi.org.in for any further clarification
if required…..Poppy
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