PFRDA is keen to attract non resident Indians to join the NPS. The chairman of PFRDA said that NRI’s are very attractive market for NPS. Talks are being held with State bank of India, Federal Bank, Canara Bank and Indian Bank to enrol NRI’s for NPS.
Earlier there was some ambiguity regarding NRI’s investing in the NPS. The Reserve Bank of India has now clarified on the same.
source: the economic times , New Delhi 2 July 2015, page 8
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