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Are NRIs allowed to invest in Public Provident Fund ie PPF, National Saving Certificates(NSCs) and Post Office Savings Bank?

April 26, 2017allowed certificates fund invest National NRIs PPF Provident public Saving

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Are NRIs allowed to invest in Public Provident Fund ie PPF, National Saving Certificates(NSCs) and Post Office Savings Bank?

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No. NRIs are not permitted to invest in PPF, NSCs and Post Office Savings Schemes. However investments made by a resident (in PPF, NSCs or Post Office Savings scheme),who subsequently becomes NRI may continue to be held upto its maturity on a non-repatriation basis.