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OCI CARDHOLDERS ARE NOW ELIGIBLE TO SUBSCRIBE FOR NPS

It is herewith, informed that the proposal for inclusion of OCIs as an eligible category of individuals who could subscribe to National Pension Scheme in parity with NRIs has been approved by the Board of Pension Fund Regulatory and Development Authority (PFRDA) in its 77th meeting held on February 19, 2019.

2. PFRDA has requested RBI to notify the suitable amendments to FEMA 20 (R) at an early opportunity to enable PFRDA to launch NPS for OCIs at par with NRIs.

3. For further details on the NPS and the related forms you may like to visit the https://www.pfrda.org.in or http://www.npstrust.org.in or https://www.egov-nsdl.co.in/

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