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NRIs Can Now Secure Their Old Age Through NPS Online

[New Delhi]NRIs Can Now Secure Their Old Age Through NPS Online
Non Resident Indians (NRIs) can now join NPS online through eNPS
29 million Indians living in over 200 countries and out of these 25% live in the Gulf countries.
Most of the Indians going to the Gulf and some other countries go for employment and return to India after having worked abroad for a certain period.
NPS can provide a long term solution to their old age income security.
NPS has been available to NRIs for some time through Bank offices and now, to further ease the process of joining, eNPS is being extended to Non-Resident Indian subscribers.
NRIs can now open NPS Accounts online if they have Aadhaar Card or PAN card
Till now, NRIs could open NPS accounts only through paper applications by approaching Bank offices but this has now changed.
Through eNPS, a subscriber will be able to open an NPS account from the comfort of his home.
All he will need is an internet connection and an Aadhaar/ PanCard.
Further, NRIs will be able to open NPS accounts both on Repatriable and on Non Repatriable basis. On a Repatriable basis, an NRI will have to remit the amount through his/her NRE/FCNR/NRO account.
Repatriable and Non-Repatriable schemes will greatly appeal to NRIs who intend to return to India after their employment abroad, in view of their attractive returns, low cost, flexibility and their being regulated by the PFRDA, a Regulator established by the Central Government