Will NRIs Dump Their PPF and NSC?
A game-changing rule from the government has debarred non-resident Indians (NRIs) from investing in Public Provident Fund (PPF) and National Savings Certificate (NSC) with effect from 3 October 2017. Under the rule, PPF and NSC will yield only savings account interest from the day the person becomes an NRI. NSC investment by NRIs will have to be encashed, or deemed to be encashed on the day...
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