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 Also, for NRIs, the gains from the PPF Account can only be withdrawn post maturity.
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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 […]
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answered on 22/03/2020
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