To enable Indians living abroad to access old age income security, the Reserve Bank of India has allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS). NRIs may subscribe to the NPS governed and administered by the Pension Fund Regulatory and Development Authority (PFRDA), provided such subscriptions are made through normal banking channels.<br/><br/>The subscription amounts shall be paid by the NRIs either by inward remittance through normal banking channels or out of funds held in their NRE/FCNR/NRO account.