Can NRI invest in an already opened PPF account?
SBNRI Team
answered on 11/09/2020
Yes! An NRI can continue to subscribe to his/her existing PPF Account till maturity (15 years). However, the option of extending the subscription isn’t available for NRIs.There are other investment opportunities as well that can ensure similar benefits to the NRIs such as NPS (National Pension Scheme).
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Related Questions
SBNRI Team
answered on 11/09/2020
The answer is NO! To understand this, let’s consider these basic explanations: 1. Any NRI can’t open a PPF Account. NRIs aren’t eligible for opening one, even if they are doing it for a minor. 2. If the minor is also an NRI, he is too not eligible for a PPF account. 3. If […]
SBNRI Team
answered on 30/03/2020
The minimum investment in PMS/limit to avail Portfolio Management Services for both NRIs and Residents is Rs.50,00,000/- (Rs. 5 Million). This can be done either by paying through existing funds or through the transfer of an existing investment portfolio to the service provider. How to invest in PMS? Portfolio Management Services (PMS) can […]
SBNRI Team
answered on 16/11/2020
Your Demat Account will directly relate to your residential status: If you’re completing the stipulated number of days outside India (184 days or more in one financial year) then you’ll be required to open an NRI Demat Account. If you’re not an NRI as per the stipulated number of days (i.e. if you’re staying 184 […]
SBNRI Team
answered on 12/05/2022
Portfolio Management Service (PMS) is a unique and customized portfolio in stocks, fixed income, debt, cash, structured products and many other individual securities. PMS are managed by a professional money manager and can be tailored to meet specific investment objectives. The cost involved in a PMS is higher than in mutual funds because of greater […]
