Public Provident Fund (PPF) accounts held by Non Resident-regarding
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
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