Скачать или смотреть NRI’s!!! PPF & NSC accounts to be closed, Where to invest now?

Small savings schemes like Public Provident Fund (PPF) and National Saving Certificates (NSC) will not earn you the same interest if you become non-resident Indians (NRI).

Under the new rules issued by the Government, these investments will be deemed to be closed on the day the investor becomes a non-resident.

You can withdraw the money once your status changes even if the full 15 years of the PPF’s tenure are not over.

Interest rates on small savings schemes have been calibrated on a quarterly basis since April 2016. Currently, both PPF and NSC are earning an interest rate of 7.8% per annum during this quarter. Whereas, post office savings deposit account holder are earning 4% per annum.

Many other avenues of investment remain open to NRIs wishing to invest in India. These include: equity market, mutual funds, fixed deposits, NPS, etc


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Disclaimer: This is for information purpose only and doesn’t constitute an offer, solicitation, recommendation or advertisement with respect to purchase or sale of any security. Please consult SEBI registered advisors before investing.