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Can NRIs invest in PPF or Small Savings Schemes?

No, As per RBI rules NRIs are not permitted to invest in Small Savings Schemes or Public Provident Fund (PPF).

Public Provident Fund (PPF): A government-guaranteed fixed income security, this is very apt as a long-term savings instrument.

Small saving Schemes: It is a money savings option provided by both the Indian Government and non-governmental bodies.

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