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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Yes. NRIs can invest in Indian equities by investing their money into stocks listed on the National Stock Exchange of India Ltd. (NSE). To be eligible to invest into stocks, NRIs need to be a part of the Portfolio Investment Scheme* (PIS) that will allow them to trade stocks. *(Portfolio Investment Scheme (PIS): Through […]
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No. Presently, there’s nothing like that. What you must have read is the PPF Notification of 2017 which reduced the interest rates for NRIs to 4%. But later in 2018, the rules of PPF for NRIs were amended again. The highlights of the amendment are as follows: 1. NRIs can’t extend PPF Account […]
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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 […]
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answered on 16/11/2020
The same rules apply for seafarers that apply for other NRIs. NRIs can’t open a PPF Account. However, if you had a PPF Account before becoming an NRI, then it can be continued till maturity (15 years) but can’t be extended further. Also, for NRIs, the gains from the PPF Account can only be […]
