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

Your Answer

Related Questions

Q: Can an NRI buy property in India without an Indian citizenship?

A: Only individuals with Indian Citizenship are allowed to own property in India or they should at least own an OCI Card ( Overseas citizenship of India )

Q: Can NRIs avail loans for acquisition of residential properties in India?

A: As per the Reserve Bank Of India guidelines, NRIs can avail bank loans from only certain financial institutions in the country. The regulations/conditions will be at par with those applicable to...

Q: What should be the method of payment for NRIs to purchase property in India?

A: NRIs/PIOs are only allowed to purchase properties by funds remitted/routed through normal banking channels or funds in NRE/FCNR accounts maintained with banks in India.

Q: Can NRI transfer their property by way of sale?

A: As per the current guidelines, NRIs/PIOs are allowed to transfer their properties by way of sale.

Ask