Public Provident Fund (PPF) accounts held by Non Resident-regarding

F.No. 01/10/2016-NS

Ministry of Finance

Department of Economic Affairs

(Budget Division)

North Block, New Delhi

Dated: 23rd February, 2018.

Also read :Common Misconceptions about NRI PPF Accounts

Office Memorandum

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.

Also read :PPF Withdrawal eligibility conditions

2. It has now been decided to keep the said notification in abeyance till the further order in this regard

(Rajesh Panwar)

Deputy Director

Signed Copy