TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>NRIs Permitted to Invest in National Pension System Under FEMA; Payments Via Inward Remittance or NRE/FCNR/NRO Accounts Allowed.</h1> Non-Resident Indians (NRIs) can now invest in the National Pension System (NPS) under the Foreign Exchange Management Act (FEMA), 1999, as per the Reserve Bank of India's circular. This decision, made in consultation with the Government of India, allows NRIs to subscribe to the NPS through normal banking channels, provided they meet the eligibility criteria of the Pension Fund Regulatory and Development Authority (PFRDA) Act. Subscription payments can be made via inward remittance or from NRE/FCNR/NRO accounts, with no restrictions on repatriating annuities or accumulated savings. Relevant regulations have been amended accordingly.
TaxTMI 
TaxTMI 
