CURRENT AFFAIRS : BANKING & FINANCE
Government allowed Non Resident Indians as nominees in Small Savings Schemes
- According to the Ministry of Finance (MoF) notification, a non-resident Indian (NRI) can now be made a nominee for government saving schemes such as Public Provident Fund (PPF), National Saving Certificate (NSC) and post offices savings.
- Besides, the government permitted applicants to make changes to their names or surnames.
- These changes are part of a list of amendments to the Government Savings Promotion General Rules, as notified by the Finance Ministry.
