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.”
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Related Questions
SBNRI Team
answered on 11/09/2020
As per PPF Rules, firstly you need to inform the bank about the change in your status and then you can continue to subscribe to your PPF Account till maturity (15 years) but you won’t be able to extent it further. To get expert advisory at SBNRI, contact us using the button below. […]
SBNRI Team
answered on 11/09/2020
The answer is NO! To understand this, let’s consider these basic explanations: 1. Any NRI can’t open a PPF Account. NRIs aren’t eligible for opening one, even if they are doing it for a minor. 2. If the minor is also an NRI, he is too not eligible for a PPF account. 3. If […]
SBNRI Team
answered on 14/05/2022
PMS or Mutual Funds We receive a lot of queries from many NRI investors who struggle between PMS and mutual funds. With so many investment options to choose from, it is very confusing to select the right investment option for most individual investors. For example, there are many ways to invest in equities – […]
SBNRI Team
answered on 13/12/2022
NRI Investment in Indian IPOs: Bank Accounts you need Non-Resident Indians can invest in initial public offering (IPO) of equity shares, bonds and NCDs in India. NRI IPO investment in India can be done through Non-PIS account only (NRO or NRE savings account without PIS permission). However, Indian companies going public can decide whether […]
