New Delhi, Sept. 7 -- Indians moving abroad do not necessarily have to exit the National Pension System. According to the Pension Fund Regulatory and Development Authority (PFRDA), non-resident Indians and Overseas Citizens of India can subscribe to NPS, subject to the applicable rules.

PFRDA's current guidelines state that NPS is open to Indian citizens, including non-residents, as well as Overseas Citizens of India. The pension regulator also describes NPS as portable across employment and geographic locations.

This means an Indian who moves overseas and becomes an NRI can continue with the NPS Tier I account rather than automatically closing it.

According to PFRDA, NRIs and OCIs can hold an NPS Tier I account. For NRI subscribers, P...