Can nri open an ppf account on his child who is a minor
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 the minor is a Resident Indian, he/she needs a Resident Indian Guardian to open his/her PPF Account.
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Related Questions
I am working in Mauritius! But my family is in India !! Is my wife eligible to open a ppf account !!
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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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