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

F.No. 01/10/2016-NS

Ministry of Finance

Department of Economic Affairs

(Budget Division)

North Block, New Delhi

Dated: 23rd February, 2018.

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.

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

(Rajesh Panwar)

Deputy Director

Read / Download Non-Resident Indians can maintain PPF Account – Notification kept in abeyance Finance Ministry OM F.No. 01/10/2016-NS dated 23.02.2018