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of <h1>Overseas Citizens of India Can Now Join National Pension Scheme on Par with Non-Resident Indians; Tax Benefits Included.</h1> The Pension Fund Regulatory and Development Authority (PFRDA) has allowed Overseas Citizens of India (OCI) to enroll in the National Pension Scheme (NPS) on the same terms as Non-Resident Indians. This follows a government notification allowing OCIs to invest in NPS, with savings repatriable under FEMA guidelines. Contributions to NPS are eligible for additional tax deductions, and recent budget changes increased the tax exemption on lump-sum withdrawals. The NPS, initially for government employees, is now open to all Indian citizens, including OCIs, until age 65, with over 3.18 crore subscribers and assets under management of Rs. 3,79,758 crores.
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