Non-Resident Indians have the option to utilize the National Pension System (NPS) to accumulate retirement savings back home, while also taking advantage of available tax benefits. Both OCI cardholders and eligible NRIs are permitted to set up Tier-I accounts, though Tier-II accounts are not an option for them. To get started, you will need to provide your PAN, an Indian passport, proof of residence, and have an NRE or NRO bank account. Tax deductions under the old tax regime are applicable based on specific income and salary thresholds.

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