NSC for NRIs: Can non-resident Indians invest in National Savings Certificate and claim tax benefits?
New Delhi, Aug. 14 -- Transitioning to Non-Resident Indian (NRI) status can change your eligibility for several investment options in India, including the National Savings Certificate (NSC). Backed by the government, NSC has long been a popular choice among risk-averse investors looking for assured returns and tax benefits.
But what happens to your NSC investment if you move abroad and become an NRI? Can you continue investing, or claim tax benefits? Here's what the rules say.
NRIs can invest in several Indian financial assets, including stocks, mutual funds, fixed deposits and real estate. However, some investment schemes are meant exclusively for resident Indians.
The NSC falls into this category. NRIs cannot open a new NSC account o...
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