NPS access for NRIs permitted under FEMA, allowing subscription and repatriation through normal banking channels. NRIs may subscribe to the National Pension System administered by PFRDA through normal banking channels, subject to PFRDA eligibility. Subscriptions may be paid by inward remittance or from NRE/FCNR/NRO accounts, and annuity or accumulated savings are freely repatriable. AD Category I banks must inform customers. The RBI amended FEMA regulations accordingly and issued these directions under sections 10(4) and 11(1) of the FEMA, without prejudice to other required permissions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
NPS access for NRIs permitted under FEMA, allowing subscription and repatriation through normal banking channels.
NRIs may subscribe to the National Pension System administered by PFRDA through normal banking channels, subject to PFRDA eligibility. Subscriptions may be paid by inward remittance or from NRE/FCNR/NRO accounts, and annuity or accumulated savings are freely repatriable. AD Category I banks must inform customers. The RBI amended FEMA regulations accordingly and issued these directions under sections 10(4) and 11(1) of the FEMA, without prejudice to other required permissions.
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