PPF account
This query is : Resolved
jagdish ahuja
(Querist)
26 May 2020
i have a ppf account since 15 years -- in september 2016 i went to USA for a job and am in USA since that time -- my PPF account has matured on 1.4.2020 -- pls guide can i continue with the PPF account or do i have to close it. if i close it what is the interest rate that i will receive on maturity -- on yearly basis i have beome an NRI . pls guide THANKS
CA R SEETHARAMAN
(Expert)
26 May 2020
You have to close it on maturity and you will receive applicable interest till maturity.
An NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till maturity.
An NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till maturity.
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