Can NRI Invest in Public Provident Fund or PPF?
Answer to this question is both Yes and No. Since an NRI cannot open a new PPF account, so it's not possible for them to invest money in public provident fund, but if an NRI already has an active PPF account, opened when he was resident then he can continue to invest in PPF. Like other resident investor, he can invest up to Rs 1.5 lakh every financial year i.e. from 1st April to 31st March.
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Answer to this question is both Yes and No. Since an NRI cannot open a new PPF account, so it's not possible for them to invest money in public provident fund, but if an NRI already has an active PPF account, opened when he was resident then he can continue to invest in PPF. Like other resident investor, he can invest up to Rs 1.5 lakh every financial year i.e. from 1st April to 31st March.
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