495. NRIs PIOs & OCIs can continue to receive Indian pension abroad . . .
Questions: Hi, A person who obtained permanent resident card in USA and thinking of becoming a citizen, lose pension from either state or central government of India? Appreciate your response. thanks. Answer: Pension income is generally a earned benefit for service rendered over a period of time. A person who is receiving a pension in India will continue to get their pension even if they move abroad and acquire foreign citizenship. Any person who has a pension income credited to their resident Indian bank account, should re-designate their bank account to a NRO account. Their pension income can continue to be credit in their NRO account. Pension income can also be repatriated abroad provided any tax owning is paid. Your bank should be able to help you with repatriation.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a
professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation
between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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495. NRIs PIOs & OCIs can continue
to receive Indian pension abroad . . .
Question: Hi, A person who obtained permanent resident card in USA and thinking of becoming a citizen, lose pension from either state or central government of India? Appreciate your response. thanks. Answer: Pension income is generally a earned benefit for service rendered over a period of time. A person who is receiving a pension in India will continue to get their pension even if they move abroad and acquire foreign citizenship. Any person who has a pension income credited to their resident Indian bank account, should re- designate their bank account to a NRO account. Their pension income can continue to be credit in their NRO account. Pension income can also be repatriated abroad provided any tax owning is paid. Your bank should be able to help you with repatriation.
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