Treatment of PPF Account of NRIs

Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) cannot open new Public Provident Fund (PPF) accounts. However, they can continue contributing to existing PPF accounts or close them if the account has been active for at least five years.

Upon maturity, the PPF funds must be transferred to a Non-Resident Ordinary (NRO) account. It's essential to inform the bank or post office managing the account of any change in residency status and to ensure a minimum annual deposit of ₹500 is maintained to keep the account active.