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Subscription to National Pension System by Non-Resident Indians (NRIs)

FEMA - 24 - Dated:- 29-10-2015 - RBI/2015-16/216 A.P. (DIR Series) Circular No. 24 October 29, 2015 To, All Authorised Dealer Category - I Banks Madam/Sir Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. 2. With a view to enabling NRIs access to old ag .....

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aid by the NRIs either by inward remittance through normal banking channels or out of funds held in their NRE/FCNR/NRO account. There shall be no restriction on repatriation of the annuity/ accumulated savings. 4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 5. Reserve Bank has since amended the subject Regulations accordingly through the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident o .....

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