Wishesh magazine february 2018 Wishesh magazine february 2018 | Page 72

NRI IMMIGRATION
72
P P F AC CO U NT S FOR
NRIS TO BE CLOSED
The government has amended rules for the people holding
accounts at the Public Provident Fund and National Savings
Certificates, to be closed before the maturity if the holder
changes the status to non-resident Indians.
The new amended rule has
been stated in the official
gazette published earlier this
month.
The amended rule, which has
mentioned the canceling of
PPF account from the date
the holder changes the status
to NRI, also says that the
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payable interest would be till
the date of account closure.
It should also be noted that
NRIs are not allowed to use
services such as National
Savings Certificates, Public
Provident Fund and other
various services from the
Post Office.