PPF Query

Plz help me with the following query--

 

A person who is indian citizen but his residential status under income tax Act is that of a non resident, whether he can continue to deposit in his already opened PPF A/c when he was ordinary resident in India.

Plz reply at the earliest.

 

Thank you

Replies (2)

Dear Deepak,

Yes NRI can continue to Deposit provided deposit is made from his NRO A/c on Non repartriable basis

Check this -

https://investment.apnapaisa.com/ppf/read-learn.html

Dear Amar

Thanx a lot

 

can you please clarify the meaning of non-repatriable basis.

 

thanx

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