JP Dubey asked on 16/11/2020

Can PPF a/c of Resident Indian who before maturity became an NRI be extended beyond 15 years with contributions as usual?

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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.

 

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