Timeline for Can a foreign national maintain an Indian PPF account after giving up Indian nationality?
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| Aug 21, 2023 at 11:13 | comment | added | pseudomonas | Also, from personal experience, I can say with confidence that non-resident citizens of India can continue to operate their PPF accounts until the maturity period. Here is an article from DBS Bank: dbs.com/in/treasures/articles/nri-hub/live-enriched/…. If you still need confirmation, your best source of advice would be to ask your bank. | |
| Aug 21, 2023 at 11:06 | comment | added | pseudomonas | @SwatantraKumar The fourth point, specifically, 4.4: "If a depositor in a single account, or any of the depositors in a joint account, or either the guardian or a minor depositor or a depositor who is a person of unsound mind, as the case may be, ceases to be a citizen of India, the account shall be closed or deemed to be closed from the last day of the month preceding the month in which the depositor ceases to be a citizen of India." | |
| Aug 17, 2023 at 8:48 | comment | added | Swatantra Kumar | The GoI's NSI notifications do not mention about the operating of account after individual becomes non-resident. The notification has the clauses mentioned only for the eligitbility to open an account. | |
| S Aug 10, 2023 at 12:37 | review | First answers | |||
| Aug 11, 2023 at 6:36 | |||||
| S Aug 10, 2023 at 12:37 | history | answered | pseudomonas | CC BY-SA 4.0 |