Non-Resident Indians (NRIs) can contribute to the popular National Pension Scheme
Posted on: 30/Oct/2015 11:15:59 AM
The Reserve Bank of India (RBI) on Thursday said that Non-Resident Indians (NRIs) can contribute to the popular National Pension Scheme (NPS). The RBI said in a statement said, With a view to enabling NRIs` access to old age income security, it has now been decided, in consultation with the Government of India, to enable National Pension Scheme (NPS) as an investment option for NRIs.
The subscription amounts can be paid by the NRIs through normal banking channels or from their funds held in NRE/FCNR/NRO accounts.
There will be no restriction on repatriation of the accumulated savings
