Moving abroad and wondering if you can continue or withdraw your NPS account? Read on to get the answer.
09-Sep-2022
What will happen to my NPS corpus if I leave the country and become an NRI? Will I get the option to withdraw 100 per cent corpus without annuity option as I may not need annuity as an NRI in a foreign country? - Ashwajeet Singh
All rules regarding National Pension System (NPS) remain the same for Non-Resident Indians (NRIs) as they are for resident Indians.
This means you have to mandatorily buy an annuity plan with at least 40 per cent of the NPS corpus at the time of retirement.
Only if the corpus is less than Rs 5 lakh can you choose to withdraw your entire NPS amount.
What if you decide to close your NPS prematurely?
Things to keep in mind when you become an NRI
How to convert your NPS account
Suggested read: What to do with your investments when you become an NRI?
(Maybe) Another upgrade for NPS
How to reduce tax in the new tax regime
PFRDA introduces reforms for NPS withdrawals
NPS can save you additional tax, and more
Mutual funds or NPS Tier-2: Which is better?