Non-Resident Indians can maintain PPF Account – Notification kept in abeyance
Non-Resident Indians can maintain PPF Account – Public Provident Fund (PPF) accounts held by Non Resident
Finance Ministry OM regarding PPF account held by Non-Resident Indians
Ministry of Finance
Department of Economic Affairs
North Block, New Delhi
Dated: 23rd February, 2018.
Subject: Public Provident Fund (PPF) accounts held by Non Resident-regarding
The undersigned is directed to refer to this Department’s notification GSR No.
1237(E) dated 03.10.2017 regarding amendment in PPF Scheme, 1968. As per the said notification, if a resident who opened an account under this scheme, subsequently becomes a non-resident during the currency of the maturity period, the account shall be deemed to be closed with effect from the day he becomes a non-resident.
2. It has now been decided to keep the said notification in abeyance till the further order in this regard.