Frequent question: Can OCI holder invest in post office?

Unfortunately, no. As an NRI, you can’t invest in these schemes.

Can OCI invest in NSC?

For NRIs and OCIs, the no-go investment area is limited. First and foremost, these individuals are not allowed to invest in small saving schemes such as National Saving Certificate (NSC), Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana, and other post office saving schemes.

Can NRI invest in post office fixed deposit?

Non resident Indians (NRIs) are not allowed to invest in post office savings schemes. This means they cannot invest in instruments like the National Savings Certificates, Public Provident Fund, Monthly Income Schemes and other time deposits offered by the post office.

Is Indian post office safe for investment?

Is Post Office investment safe and tax-free? Ans. Yes, it is safe as investments under Post Office bear sovereign guarantee of Government of India. All these schemes are tax exempt up to a certain limit and some schemes like PPF, Sukanya Samridhi Yojna have tax benefits on returns as well.

Can NRI invest in PPF from post office?

Non Resident Indian (NRI) is not allowed to invest in post office in India which means it is not possible for an NRI to invest in various post office instruments like NSC, PPF, MIS, etc. as Indian law does not allow for NRI investment in Indian Post Offices.

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Can OCI invest in mutual fund?

Yes, Non Resident Indians (NRI) and Persons of Indian Origin (PIO) can invest in Indian Mutual Funds on a full repatriation as well as non-repatriation basis.

Can OCI invest in bonds?

With effect from 1st April 2020, NRIs are eligible to invest in government bonds for NRI in India without any ceiling limit in certain specific instruments. The rules and regulations for investment in bonds by NRIs and OCIs are the same.

Can NRI invest in KVP?

No. NRIs are not eligible to purchase a Kisan Vikas Patra Certificate. Only Indian citizens are eligible to own a Kisan Vikas Patra Certificate.

Can NRIs invest in PPF?

Can NRI have PPF Account in India? Yes, an NRI can have a PPF account in India. However, the PPF account must have been opened while the person was still a resident of India. An NRI can only have a PPF account if they opened it as an Indian resident and prior to becoming an NRI.

What are the best investment options for NRI?

8 Best NRI Investment Options in India

  1. Fix Deposit Bank Accounts. This is probably the most common form of NRI investment in India. …
  2. Mutual Funds. …
  3. Direct Equity. …
  4. Real Estate. …
  5. Bonds and Non-Convertible Debentures (NCDs) …
  6. Government Securities. …
  7. Certificate of Deposits. …
  8. National Pension Scheme (NPS)