Respected sir
Good evening
I came abroad in August 2007 for employment.
I opened a PPF account in May 2008 and every year depositing some amount in it.
Now I came to know that a NRI can not open PPF account.So I am in confusion.
So please guide me that whether this PPF account is valid for me.
If not then what to do ?
If any NRI who was not aware of this fact somehow got a PPF account opened inadvertently, he/she should immediately get that account closed. As per the norms, necessary legal action can be taken against such individuals who open a PPF account in spite of not being eligible. It is in the best interest of NRIs to get it closed before the concerned authorities know about it.
SSGS and Associates
Chennai
CA Inter
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
