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Retiring & PensionsBack to top Back to main Skip to menu
India - Retiring & Pensions
A foreign national working in India when retires, all his current assets such as savings from salary (tax already paid), dividend, interest, commission, provident fund balance, sale proceeds of personal effects, etc., can be repatriated in full when he leaves India.
Same rule is applicable to pension from India received in future.
A foreigner retiring from India is also required to file an application in the Reserve Bank of India for transfer of assets. This form and the necessary documents required along with it can be downloaded from http://www.rbi.org.in/sec22/rfn.pdf. Same facility is available to foreign-born widows of Indian nationals who desire to go back (Form-EMG).
Foreign Nationals can retire to India with a valid visa and acquire one residential property with the permission of the Reserve Bank of India. India offers good medical facilities at costs much lesser than other countries. Institutional investors can seek spaces in select areas and set up institutes there.
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