P p f account in s b i

Originally posted by : Madhu
	Dear Sir / Madam Please advice,  in the time of PPF account opening  nationality is Indian . Now Became NRI staus Now, How can Operate PPF accounts  . Thanks/ Sanjay

NRI’s (Non-Resident Indian) are not allowed to open new PPF accounts. If you were a resident at the time of opening your PPF account but subsequently became a NRI, you will be allowed to retain your account until maturity, after which it has to be mandatorily closed. The 5 year extension offer is not available to NRI’s. NRIs are not allowed to invest in Public Provident Fund (PPF).