Results 1 to 3 of 3

Thread: Can a NRI open a PPF account?

  1. #1
    PolicyWala NewBie
    Join Date
    Apr 2009
    Location
    U.K.
    Posts
    4

    Default Can a NRI open a PPF account?

    I am presently living in UK and I am NRI. I have a query - Can a NRI open a PPF account with State bank of India or other National Banks or in post office? If yes, please tell me the complete procedure.

    Thanks in advance!



  2. #2
    PolicyWala Fan rohit's Avatar
    Join Date
    Feb 2009
    Location
    Bhopal
    Posts
    86

    Default

    I am afraid, you can't open PPF account.

  3. #3
    Moderator Expert's Avatar
    Join Date
    Feb 2009
    Location
    New Delhi
    Posts
    448

    Default

    Quote Originally Posted by S.Nagpal View Post
    I am presently living in UK and I am NRI. I have a query - Can a NRI open a PPF account with State bank of India or other National Banks or in post office? If yes, please tell me the complete procedure.

    Thanks in advance!
    NRI cannot open new PPF account, but if they have any PPF account before attaining NRI status, they can operate that PPF account with NRE or NRO account.
    More Info - http://www.moneycontrol.com/news/nri...nt_217589.html
    * SAFE
    Self Appointed Financial Expert


Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •