Can NRIs make investments in National Savings certificates?

Question: Can NRIs make investments in National Savings Certificates issued by Post Offices in India?

Answer(s)

Raju Kanumuri: Yes. Investments in National Savings Certificates can be made by NRIs subject to the terms and conditions applicable to the sale/issue of such certificates. However, NRIs are not permitted to invest in bearer securities like Indira Vikas Patra/Kisan Vikas Patra.

Source : Reserve Bank Of India

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