Guide to NRI/OCI Investment in National Pension System (NPS)
If you are worried about how to accumulate Corpus for your retirement while you have moved to a foreign country, NPS is a solution for it. Whether you are NRI or OCI, you can invest in NPS online and get tension free for your post retirement years.
Eligibility to open NPS account
Age: 18 to 70 years
Should be NRI or OCI
Compliant with KYC norms
Exit rules for NRI and OCI under NPS
Exit Rules for NRI and OCI from NPS
The accumulated corpus shall be repatriable (schedule III (4) of Foreign Exchange Management (Non – debt instruments) Rules, 2019 dated 17th October’ 2019).
For detailed information on exit rules please click here.
Annuity Proceeds for NRI and OCI
Annuity payable by life insurance companies (Annuity Service Providers) registered with PFRDA to NRIs / OCIs will be taxed at source, at rates applicable as per DTAA (Double Taxation Avoidance Agreement) of the country where the annuitant resides.
To know more about different types of Annuity schemes, please click here.
Exit Rules for NRI and OCI from NPS
The accumulated corpus shall be repatriable (schedule III (4) of Foreign Exchange Management (Non – debt instruments) Rules, 2019 dated 17th October’ 2019).
For detailed information on exit rules please click here.
Annuity Proceeds for NRI and OCI
Annuity payable by life insurance companies (Annuity Service Providers) registered with PFRDA to NRIs / OCIs will be taxed at source, at rates applicable as per DTAA (Double Taxation Avoidance Agreement) of the country where the annuitant resides.
To know more about different types of Annuity schemes, please click here.
