Can an NRI be your nominee for a PPF, NSC or SCSS account?

You’ve opened a PPF, NSC, or SCSS account. Your money’s here, but your loved ones are now abroad. Can you still name them as your nominee in small savings schemes? The short answer: Yes, you can. But there are a few important things to keep in mind. What the rule says Until mid-2023, Non-Resident Indians (NRIs) weren’t allowed to be nominees for small savings schemes governed by the Ministry of Finance. This created challenges for many account holders whose closest family members lived overseas. Now, that has changed. NRIs can now be

This article was originally published on May 30, 2025.