Day: April 27, 2018

PPF and NSC for NRIs – Amendment Rules 2018

PPF and NSC for NRIs – Amendment Rules 2018

Buzz
Recently Government Of India changes the rules in relation to PPF and NSC for NRIs. Let us see the new amendment rules of 2018. NOTE:- GREAT SUCCESS TO ALL THOSE WHO FOUGHT AND BRING IT TO THE NOTICE OF GOVERNMENT, NOW THIS NEW CHANGE KEPT IN FOR ABEYANCE (Refer the latest notification).   PPF and NSC for NRIs -Rules before Amendment To give you the better understanding of current changes, let me give you in detail the existing rules of PPF and NSC for NRIs. This will clear you the changed rules. PPF for NRIs As of now, NRIs were not allowed to open the account. However, if they already opened the account when they are resident Indians, then they can continue the account till maturity. Do remember that they also can’t extend the account for the block of 5 years.