Arun Diukar asked on 16/11/2020

What about seafarers? Can they open PPF Account? We have an Indian passport but still are considered as an NRI?

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SBNRI Team
answered on 16/11/2020

The same rules apply for seafarers that apply for other NRIs.

 

NRIs can’t open a PPF Account. However, if you had a PPF Account before becoming an NRI, then it can be continued till maturity (15 years) but can’t be extended further. Also, for NRIs, the gains from the PPF Account can only be withdrawn post maturity.

 

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