00:00If you have a national pension system, you have a big question that will be,
00:09is that if you have to make a NRI account, or you will have to make a NPS?
00:16In this video, we will make NRI every NPS for you clear.
00:24But before moving, we will give you a little context.
00:28What is NPS? National Pension System, which we call it,
00:33will benefit you from this way?
00:36And if you are going to be a NRI,
00:38or you are going to be living in the village,
00:40or you are going to be living in the village,
00:42then you have to carry forward NPS.
00:47First of all, let's understand what NPS is.
00:50National Pension System, or NPS,
00:52a government pension scheme,
00:54a government pension scheme,
00:56which will be long-term budget and long-term savings,
01:01and investment.
01:04In this scheme, the subscriber gives a regular program,
01:07or a regular program,
01:09which gives an amount,
01:10which gives a pension fund manager,
01:14which requires equity, corporate bonds,
01:16or government securities,
01:20which gives you two accounts.
01:21NPS comes in two accounts.
01:23Tier 1,
01:24which comes in which you buy a pension pension,
01:26which means that your main pension account is
01:28that you have to pay attention to it,
01:32which means that you can never withdraw.
01:35There is a proper time limit,
01:37which means that you have to withdraw this account.
01:39And after that,
01:41there is a tier 2 NPS,
01:43which means that there is voluntary savings,
01:45which means that there is voluntary savings,
01:46but NRI or OCI,
01:48which is not available for NRI or OCI,
01:50because you are doing voluntary savings here,
01:53which means that you want to do savings,
01:55or you want to do savings in tier 2,
01:56which means that there is no savings in tier 2.
02:09There is a P,
02:16which means that there is no savings in tier 2.
02:17It means you are making up to tier 1 in tier 2.
02:21Which means that,
02:22This is why,
02:22if we have to clarify that
02:24the NPS,
02:25which means that now you can also provide a firm,
02:29that if you are making up to NRI,
02:33you can download NRI,
02:33which means that you can also provide NRI,
02:33which means that if you are getting into child 1,
02:35such as to have a NPS account,
02:38you can keep it. How do you do this carry forward?
02:40The NPS is Bharatiyya Nagariko for opening. Whether it is resident or NRI or OCI card holder.
02:49NPS job and location are both portable.
02:52If you want to change the country or the country, you can shift the account to not to be closed.
02:58When you go to NRI, you can automatically become your NPS tier 1 account.
03:04If you want to change the bank account, you can keep it.
03:07If you want to change the documentation and banking NRI rules,
03:12you need to change the status update and bank account in NRI category.
03:17For NRI subscribers, PFRDA, NRI or NRO bank account,
03:22this is the documentation, NRI or OCI.
03:28Contribution is available on the channel.
03:30You can do the financial accounts and pay for your pension fund,
03:33and asset allocation.
03:36Just remember that, payment and banking are not available on NRI.
03:42Now, you can understand the common difference.
03:45It is a very important difference.
03:46It is a very important difference.
03:47Understand, NRI and OCI can keep tier 1,
03:51but tier 2 can activate not to be activated.
03:55PFRDA, FAQ, or frequently asked questions,
03:59and in 2019, this circular,
04:00this is also known as NRI or OCI,
04:04tier 2 is not available.
04:06If you have a tier 2 resident status,
04:09then NRI will be closed or transition rules.
04:14If you want to see a financial advisor,
04:15It is better that you can close the account
04:18or you should discuss it with a financial advisor.
04:24Now, in the case of NRI,
04:27you have the only option for the resident.
04:30In the case of NRI,
04:31you can find your options in the active choice.
04:32you can find your options in equity,
04:33corporate bond,
04:35and government securities.
04:38Or in the auto choice,
04:40you can find your life cycle strategy.
04:43In equity allocation,
04:45in common schemes,
04:46you can find 75% to 75%
04:48Now, if we talk about a financial year,
04:50if we talk about a financial year,
04:52then you can change the pension fund
04:54and you can update the investment choice
04:56for 4 times.
04:58So, this doesn't mean that
04:59you don't have to remove the corpus
05:01but just keep the status
05:02and the banking NRI rules.
05:04If you understand practical steps,
05:07when you can carry forward your NPS account,
05:10first of all,
05:11you can update your POP
05:11or distributor
05:12or E-NPS portal
05:14NRI status.
05:17NRI or NRO account
05:18type of proof
05:19like Passbook, Statement
05:21or KYC.
05:23If you have the auto
05:25or active choice set,
05:26then you can review it.
05:28If you have the equity
05:29or debt mix
05:30is correct,
05:31then you can check it.
05:33In the next time,
05:35to the NRI compliant bank account.
05:38If you have a NRI
05:40and you can change
05:41what will change?
05:43Majorly banking
05:44and documentation
05:46there are
05:46new options
05:47there are
05:48equity,
05:49corporate bond,
05:49government securities.
05:51But the payment rule
05:52NRI accounts
05:53should be updated.
05:54And KYC
05:55and status
05:56should be updated.
05:57I will tell you
06:00tier 1
06:01NRI
06:01or OCI
06:02is okay
06:03tier 2
06:04is not
06:04tier 1
06:05retirement
06:06focused
06:07or
06:08tax
06:08or
06:10tier 2
06:11voluntary
06:12savings
06:12but
06:13NRI
06:14and OCI
06:14is not available.
06:16Now
06:16one
06:16is a
06:16specific situation.
06:19If
06:20someone
06:20is not
06:21leaving
06:22OCI
06:24and
06:44OCI
06:45NRI
06:46will
06:47be
06:47in
06:50NRI
06:51and
06:51will
06:51the
06:54recent
06:58circular
06:59to
07:00close
07:29close
07:31or
07:31NRI
07:32and
07:32has
07:32status
07:33update
07:34NRO
07:35accounts
07:36linked
07:36and
07:36auto
07:37choice
07:37life
07:38cycle
07:38funds
07:39Now
07:39they
07:40regularly
07:41contribute
07:41to
07:42NRI
07:44and
08:00NRI
08:01account
08:01and
08:01Banking
08:02and
08:02status
08:02compliance
08:03will
08:03be
08:06what
08:06should
08:11check
08:12your
08:13NPS
08:14tier 1
08:14or tier 2
08:15if
08:15NRI
08:16has
08:16to
08:16review
08:20equity
08:22or
08:23debt
08:23mix
08:23if
08:30you
08:31comment
08:31will
08:31tell
08:32that
08:32you
08:33have
08:33the
08:34biggest
08:36question
08:36to
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