PPF process for NRI
SBNRI Team
answered on 11/09/2020
“Non-Resident Indians are not eligible to open an account under the Public Provident Fund Scheme. However, Existing PPF investors, who become NRI before the maturity of the PPF account, can continue to invest in PPF till the completion of maturity period on Non-Repatriable basis.”
To get expert advisory at SBNRI, contact us using the button below.
Related Questions
SBNRI Team
answered on 11/09/2020
Yes, it is mandatory to declare your NRI Status to the bank so that they can do the needful from their end. (Eg. Convert your Resident Savings Account to NRO Account etc.) As of now, you can still continue to subscribe to your PPF Account till its maturity (2023). But you won’t be able to extend […]
SBNRI Team
answered on 30/03/2020
Portfolio Management Services (PMS) can be understood as the management of funds of HNIs (High Net-Worth Individuals: A wealthy person, in particular one with investable assets in excess of $1 million) by various wealth management companies or Portfolio Managers (people responsible for handling your account) who invest these funds into a varied range of stocks, […]
SBNRI Team
answered on 22/03/2020
There are a lot of investment opportunities for NRIs in India. We have assorted the top 5 investment opportunities for NRIs in India for you, check them out below: The top 5 investment opportunities for NRIs in India are: 1. Fixed Deposit Bank Accounts: The most common and rewarding investment opportunity for NRIs […]
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.
