On 20 October 2014, the Indian Provident Fund Authorities issued a circular clarifying the procedure for paying social security benefits into an overseas bank account for International Workers. Until now it has only been possible to request that benefits are paid into an Indian bank account. Now, International Workers coming from a country with which India has a Social Security Totalization Agreement in force, which allows the export of benefits, will be able to request that benefits are paid into an overseas bank account.
Friday, November 7, 2014
Payments of Indian social security benefits to International Workers
On 20 October 2014, the Indian Provident Fund Authorities issued a circular clarifying the procedure for paying social security benefits into an overseas bank account for International Workers. Until now it has only been possible to request that benefits are paid into an Indian bank account. Now, International Workers coming from a country with which India has a Social Security Totalization Agreement in force, which allows the export of benefits, will be able to request that benefits are paid into an overseas bank account.
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