Based on a current notice by the Authorities away from India, NRIs will not be able to start the fresh new Public Provident Funds (PPF) membership. But not, can hold a current PPF account till readiness. Today, NRIs also get an equivalent interest rate on the PPF once the resident Indians. The newest PPF interest was at%. NRIs is continue steadily to dedicate as much as Rs.step 1.50 lakh per year inside the PPF until they reaches the fresh fifteen-year readiness months.
1
If you fail to find it, after that simply particular a simple page bringing up you want to withdraw the complete count from your PPF account treated towards bank in which you support the PPF membership inside. Explore the following facts: PPF membership matter, day of your own 1st subscription, therefore the account count and you can IFSC of your checking account where you would like the fresh proceeds commit. The facts might be of the NRO account
Step 2
Courier this new closed PPF withdrawal consult towards the household members, parents, otherwise sisters in the city in which you feel the NRE/NRO account. Render an authority page bringing-up that you will be allowing the individual to adhere to brand new withdrawal techniques for you. Including, post your name/address facts and you may comments of your NRO account and PPF membership
Step three
The individual in your stead must visit the financial where you feel the NRE/NRO account. They should attest these files. Just after attestation is carried out, then person needs to look at the PSU bank to own PPF withdrawal. The financial institution encourage the brand new records which are attested by your lender. Continue reading »