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How To Withdraw PPF Account For NRIs?
Under the new rules issued by the government, PPF investments will be deemed to be closed on the day the investor becomes a non-resident.
The PPF Scheme is a favorite investment scheme for many Indians. It has very strict and specific rules to withdraw an amount from the account as it is a government-backed scheme. The PPF account holder can withdraw the full amount only after the maturity period of 15 years. If there are specified needs, the subscriber can withdraw some amount from the 7th financial year onwards to till 15th year.
The maturity period of PPF account is 15 years. If you prefer to continue your PPF account after then, you can extend the maturity period with a block of 5 years.
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