Predicated on a recent alerts from the Government from India, NRIs will be unable to start the latest Personal Provident Finance (PPF) account. Although not, can hold a preexisting PPF account right until readiness. Now, NRIs buy an equivalent rate of interest towards PPF just like the citizen Indians. Brand new PPF rate of interest is at%. NRIs normally consistently dedicate around Rs.step one.50 lakh per year when you look at the PPF up until it are at new 15-season readiness period.

Step one

If you fail to find it, next only variety of a simple page mentioning that you like so you’re able to withdraw the complete number out of your PPF membership treated on bank the place you secure the PPF membership for the. Discuss another info: PPF account number, day of one’s initial registration, as well as the membership amount and you may IFSC of the bank account where need the brand new proceeds going. The details shall be of NRO account

Step two

Courier the latest signed PPF withdrawal consult towards the family, parents, otherwise siblings in town for which you feel the NRE/NRO account. Offer an authority page bringing-up you are allowing anyone to check out the brand new detachment processes in your stead. (suite…)