PPF and NSC
This query is : Resolved
SREERAG E R
(Querist)
16 November 2019
helo,
I am likely to join my PPF & ESIC, so my query is that when i am joining these both security schemes i am a resident of india, but later within the maturity period if i become a NRI, can i deposit the monthly amount and withdraw after the maturity period being a NRI after joining.
I am likely to join my PPF & ESIC, so my query is that when i am joining these both security schemes i am a resident of india, but later within the maturity period if i become a NRI, can i deposit the monthly amount and withdraw after the maturity period being a NRI after joining.
Amol S Joglekar
(Expert)
13 February 2020
An NRI as such cannot invest in PPF, however, if one's residential status gets changed to NRI in due course of time, the account is allowed to be run till maturity. PPF is a 15-year scheme, which can be extended indefinitely in blocks of five years. However, for a resident turned NRI, the extension is not allowed.
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