I am working in Mauritius! But my family is in India !! Is my wife eligible to open a ppf account !!
SBNRI Team
answered on 11/09/2020
Yes, if your wife is staying in India and she is a Resident Indian, she can definitely open a PPF account. You can too choose from a variety of investment options in India being an NRI.
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Related Questions
SBNRI Team
answered on 31/03/2020
The Portfolio Investment Scheme (PIS) account holds the investment amount of the NRI. The purchases are directly debited from this account, and the earnings are credited to the account. The PIS permission letter is required for opening a demat (for holding stocks in electronic form) and trading account (account with a registered broker for trading […]
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 22/03/2020
There are a lot of investment opportunities for NRIs in India. We have assorted the top 5 investment opportunities for NRIs in India for you, check them out below: The top 5 investment opportunities for NRIs in India are: 1. Fixed Deposit Bank Accounts: The most common and rewarding investment opportunity for NRIs […]
SBNRI Team
answered on 10/09/2020
Investment in the unlisted private limited companies in India by an NRI comes under Foreign Direct Investment (FDI). Therefore, there’s no need for a PIS Account as it is required for investments in the secondary market. You can use your NRE or NRO Account for such investments. NRIs can invest in unlisted companies either […]
