11D.11
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Pension
(i) Authorised dealers may remit pension, net after tax, without obtaining prior approval of Reserve Bank to persons eligible to receive current income from India in terms of paragraph 11D 9 provided that in case of foreign nationals who have retired from India, standing approval of Reserve Bank had been obtained for remittance of pension from his employers in India, at the time of obtaining retirement facility.
(ii) Authorised dealers may also remit pension to widows of foreign nationals who had earlier retired from India after availing themselves of retirement facilities.