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Public Provident Fund accounts held by Non Resident-regarding

Written By Easy Life on Saturday, February 24, 2018 | 2/24/2018 09:50:00 PM

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
Signed Copy


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