National Pension Scheme (NPS) FOR NRI

Q & A Forum › Category: Retirement Planning › National Pension Scheme (NPS) FOR NRI

mshali asked 10 years ago

Hi Sreekanth Reddy, I am a NRI i have a NRI Bank account in HDFC bank, can i open NPS Account, in the registration only 10 bank names given. please suggest me how can i open NPS account .

3 Answers

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Sreekanth Staff answered 10 years ago

Hi, Yes, Non-resident Indians (NRIs) can now open National Pension System (NPS) accounts online if they have Aadhaar Card or PAN card. You can visit eNPS portal and open NPS account. Read: http://www.relakhs.com/enps-portal-open-new-nps-account-online-contribute-nps-ac-online/

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mshali answered 10 years ago

Thanks Sreekanth Reddy, actually i am Age is 43 years,is it better for me to get benefit with this NPS Account.

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Sreekanth Staff answered 10 years ago

As of now, with the current taxation rules, NPS is not a great investment tool. Personally, I prefer MFs to NPS for my long-term goals (given a choice). Kindly go through below article; http://www.relakhs.com/national-pension-scheme-nps-drawbacks/