As an NRI, you can not open a new PPF account. But if you had already opened your PPF account when you were an Indian resident, you can continue investing in it until its maturity. You can deposit up to ₹1.5 lakh per year, and withdrawals are allowed as per PPF rules.
And once your PPF account completes 15 years, you cannot extend it further. Extensions beyond 15 years are not allowed for NRIs.
Ridhima01
Posts
-
Bank or Indian Post Office? -
Investment platforms.Both, investment and trading can be profitable, but they serve different goals, purposes, and risk levels. Investing focuses on long-term wealth creation through assets like stocks, mutual funds, and real estate, benefiting from compounding and lower taxes. Trading, on the other hand, involves short-term buying and selling of stocks, options, or forex to capitalize on market fluctuations, offering quick profits but with higher risk and stress. Trading can generate short-term profits, but it is riskier and not ideal for long-term goals unless you are highly skilled.
So, if you want investment in long-term wealth creation with high returns, investing in fundamentally strong stocks, index funds, and mutual funds is more profitable.
-
What will be the future of cryptocurrency in India?Pi Network has finally launched its Open Mainnet on February 20, 2025, at 8:00 AM UTC. The network has switched from its former Enclosed Mainnet phase. This milestone allows Pi Coin to be traded on major cryptocurrency exchanges, including OKX and Bitget. Pioneers, who have been mining Pi since the early days, can now trade the cryptocurrency just like any other digital asset.
YES Bank collaborated with ANQ to launch two co-branded credit cards Pi and Phi. The future support of Pi Network payments by other banks and financial institutions in India will depend on regulatory developments, market response, and technological considerations.