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What will happen when a PPF a/c holder becomes NRI -
1- Whether the PPF a/c can be closed before maturity as a special case?
2- If not, then whether annual payments need to be continued till maturity of the account?
3- How the maturity proceed will be paid to NRI?
You cannot close PPF account before 15 years.Quote:
Originally Posted by ABCD
Yes, You need to make min payment of Rs.500 per year to continue your PPF account.Quote:
2- If not, then whether annual payments need to be continued till maturity of the account?
Maturity ammount will be paid in Indian Rs to NRIs NRE or any other simmilar account. And tax rules of that time will be applicable.Quote:
3- How the maturity proceed will be paid to NRI?