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NRIs can now join NPS online through eNPS: Finmin

 “NRIs can now open NPS Accounts online if they have Aadhaar Card or PAN card,” the Finance Ministry said in a statement. Till now, NRIs could open NPS accounts only through paper applications by approaching Bank offices. 

“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,” the statement added. Further, the statement said 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. “For Non-Repatriable scheme, NRIs will be able to join NPS through their NRE/FCNR/NRO accounts at the time of maturity or during partial withdrawal, the NPS funds would be deposited only in their NRO accounts,” it pointed out. 
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