What about seafarers? Can they open PPF Account? We have an Indian passport but still are considered as an NRI?
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 Also, for NRIs, the gains from the PPF Account can only be withdrawn post maturity.
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We are going to start the newsletters very soon and the news regarding that will be available on our blog and website. We request you to subscribe to the web notifications of our Blog and also subscribe our Youtube channel for latest updates. If you have any queries or doubts around NRI Banking, Investments, Remittance, etc. contact our […]
