POSTED BY December 27, 2014 2:09 pm ONE COMMENTON
I read your article
I have following questions :
1) PPF : can I continue to invest in PPF ?
As per RBI FAQ :http://www.rbi.org.in/scripts/FAQView.aspx?Id=52
Note : NRIs are not permitted to invest in small savings or Public Provident Fund (PPF).
It clearly says not permitted . Can you please point me to the literature which says we can .
2) Existing Savings accounts : Can I still maintain them ? I am having stocks which I don’t plan to sell for next 5-6 years and I get dividend from them.
Is it illegal to not inform banks to convert into NRO accounts ?