Can PPF a/c of Resident Indian who before maturity became an NRI be extended beyond 15 years with contributions as usual?
SBNRI Team
answered on 16/11/2020
You can’t extend your PPF Account post maturity (15 years) if you become an NRI before your account matures.
As per the PPF guidelines, NRIs aren’t eligible to open a PPF Account. However, if a Resident Indian becomes an NRI after opening the PPF Account, he/she can continue to subscribe to his/her account on a Non-Repatriable Basis. But, the account can’t be extended post maturity.
For other queries regarding PPF for NRI, click on the button below to get in touch with an expert.
Related Questions
I am working in Mauritius! But my family is in India !! Is my wife eligible to open a ppf account !!
SBNRI Team
answered on 11/09/2020
Yes, if your wife is staying in India and she is a Resident Indian, she can definitely open a PPF account. You can too choose from a variety of investment options in India being an NRI. To get expert advisory at SBNRI, contact us using the button below.
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We are going to start the newsletters very soon and the news regarding that will be available on our blog and website. We request you to subscribe to the web notifications of our Blog and also subscribe our Youtube channel for latest updates. If you have any queries or doubts around NRI Banking, Investments, Remittance, etc. contact our […]
SBNRI Team
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