Can you continue your PPF account after becoming an NRI? Here is what happens to the account

PPF Account: If an individual who was previously employed in India moves abroad, will their PPF account remain active? Let’s look at what the rules say.

PPF Account News: Employees working in India hold a PPF account where their provident fund (PF) contributions are deposited. The Public Provident Fund (PPF) is one of the most popular savings schemes in India, offering a government guarantee, secure returns, and tax exemptions. Currently, PPF earns an annual interest rate of 7.1%, and the maturity proceeds are tax-free. However, if an individual moves abroad and becomes an NRI (Non-Resident Indian), the rules regarding PPF change for them.

What happens to an NRI's PPF account?