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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.
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Related Questions

SBNRI Team
answered on 11/09/2020
No. Presently, there’s nothing like that. What you must have read is the PPF Notification of 2017 which reduced the interest rates for NRIs to 4%. But later in 2018, the rules of PPF for NRIs were amended again. The highlights of the amendment are as follows: 1. NRIs can’t extend PPF Account […]

SBNRI Team
answered on 16/11/2020
Your Demat Account will directly relate to your residential status: If you’re completing the stipulated number of days outside India (184 days or more in one financial year) then you’ll be required to open an NRI Demat Account. If you’re not an NRI as per the stipulated number of days (i.e. if you’re staying 184 […]

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
“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 […]