For Aadhaar
Section 2 (V) of the Aadhaar Act defines ‘Resident’ as an individual who has resided in India for a period or periods amounting in all to one hundred and eighty-two days or more in the twelve months immediately preceding the date of application of enrolment.
As per the Aadhaar Act, 2016, it is mandatory for all residents of India to obtain Aadhaar number by submitting their demographic and biometric information.
Unique Identification Authority of India (UIDAI), vide their Circular no.6-1/2016- UIDAI (DBT) dated November 15, 2017, has clarified that most of NRIs/ PIOs/ OCIs shall not be eligible for Aadhaar enrolment as per the Aadhaar Act, 2016. Aadhaar card shall not be mandatory for NRIs/ PIOs/ OCIs.
Discontinuation of PPF scheme for NRIs and residents who have become NRIs:
Public Provident Fund (PPF) is the most popular and common long term saving instruments in which Indians invest for long term financial planning. In a recent notification, the Central Government of India (CGI) amended the PPF Scheme, 1968 whereby, the PPF account of resident Indians shall be deemed to be closed with effect from the date they become Non-Residents of India (NRI). This shall also apply to customers who have opened a resident account under this scheme, subsequently becoming a non-resident. Interest on such accounts shall be paid at the rate of savings bank interest up to the last day of the preceding month.
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