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Government today said non resident indians (NRIs) can now open National Pension Savings (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.
In a statement, Finance Ministry said through eNPS, a subscriber will be able to open an NPS account from the comfort of his home. They will be able to open NPS accounts both on repatriable and on non-repatriable basis.
The Ministry expressed hope that both 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 and , flexibility.
India has the second-largest diaspora in the world, with around 29 million people living in over 200 countries and out of them 25 per cent live in the Gulf countries. #casansaar
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