01 September 2016
my daughter is working for oil company in united states since july 2013 under L one visa.her visa is up to july 2018.her ppf account is matured on april 2016.can she apply for extention. or she has to compulsory close the account pl guide
01 September 2016
Dear Ramila,
PPF account initially opened for 15 years and it can be further extended for 5 years but remember once extension is adobted u cannot change.
Hope your query is resolved
Kindly like if my response has helped you
02 September 2016
sir one more thing I want to ask as she stays in united states since 2013 means more than 6 months can't her status becomes NRE..and as per law NRE can not extend ppf account.
CAclubindia
