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
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P p f account in s b i
Replies (1)
| 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 |
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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).
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