PPF account
This query is : Resolved
02 April 2020
i am working abroad for the last three and a half years and my status is NRI -- i hold a PPF account with bank of baroda which needs to be renewed for the next five years from 1.4.2020. pls guide whether i can renew the PPF account or do i have to close the PPF account as i am a NRI. thanks
02 April 2020
You have to close the PPF account.
An NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till maturity.
An NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till maturity.
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