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The Economic Times
The Economic Times
Business
Anshika Jain

Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder dies

NRI NSC SCSS FEMA India Adhil Shetty Vishwajeet Goel RBI

NRIs can’t invest in India’s small-savings schemes like the Public Provident Fund (PPF), National Savings Certificate (NSC) and the Senior Citizens Savings Scheme (SCSS). But if you already have one of these accounts, can you designate an NRI family member as your nominee?

If you have one of these accounts and are considering naming an NRI family member as your nominee, it is crucial to know what the regulations actually permit.

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