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PPF & NRI

  • NRI are not allowed to open PPF account in India.
  • If the PPF account is opened as resident status and later became NRI they are allowed to make contribution to the account and continue that account up to maturity.
  • On Maturity the NRI have to compulsorily close the account. The maturity receipts will get credited to NRO bank account.
  • The income generated (interest income) from PPF investment is fully Tax Free. These incomes are liable to tax in respective foreign country.

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CIN: U25199GJ1998PTC033883
AMFI-registered Mutual Fund Distributor ARN: 0189|Date of Initial Registration: 26th, MAR 1998 | Validity of ARN: 22nd, AUGUST 2027 |
ASHUTOSH INSURANCE BROKERS LLP REGISTRATION CATEGORY: LIFE & GENERAL |REGISTRATION NO.: 837 | VALID TILL : 26th, JULY 2028
SEBI Registered Investment Advisor (RIA): INA000020068|Date of Initial Registration: 01st, APR 2025

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