Friday, September 23, 2016

NRI Investing in existing PPF Account

 

NRI contributions to existing PPF account

 

An NRI do not have the option of extension after maturity

 If PPF Account was opened when Resident in India and before his NRI status, he can continue with his existing PPF account.
 
However, does not have the option of extension post the mandatory 15 years' lock-in period. Some banks allow the extension, however such extension would be allowed without any contributions.
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