Home > Money > Question
Need Expert Advice?Our Gurus Can Help

NRI Dilemma: What to Do with PPF Account?

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 09, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
RAVINDRA Question by RAVINDRA on Aug 28, 2024Hindi
Listen
Money

I had PPF account opened in 1996, then extended for 5 in 2011, again extended in2016 and then in 2021, As I was not NRI in 2016, so the account was continued. In FY2017 i became NRI. As NRI cannot open account now, Please guide what to do next Thanks

Ans: You are supposed to inform change of residential status as NRI to the bank/PO where you hold PPF account. You can continue PPF account contribution till maturity, after which extension is not allowed. The maturity proceeds may be transferred to your NRO account. Since you turned NRI in 2017 but extended PPF account in 2021 so in this case the concerned bank/PO will decide on applicability of extension and interest payment beyond 2021.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Latest Questions
Kanchan

Kanchan Rai  |609 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 22, 2025

Asked by Anonymous - Jun 20, 2025Hindi
Relationship
Hi , I am 26 years old and married for four months now , I have a good relationship with my husband and in laws while staying in their home. My parents stay at a distance of 30 mins from my in laws home , while my parents expect me to be with them at least two days a week , I have tried to cut the days down. Now I am with my husband but as my father went out of the station for 5-6 days and my mom can't stay alone , I want to go and support her. Is that correct? I am with my husband from past 8 days nonstop n didn't go to my parents, now if I go it seems to have a problem with my in laws as they think I am going to my home very often
Ans: Wanting to support your mother while your father is away is not just correct — it’s deeply human. She’s alone, and your presence may be emotionally and practically important for her right now. At the same time, it’s understandable that your in-laws may feel a bit sensitive if they perceive frequent visits as a lack of “settling” into their family. But this isn’t about frequency — it’s about transparency and intention.

Rather than asking for permission or sneaking around the discomfort, try being open and respectful in your communication. You could say something like: “My mom is alone for a few days while dad is out of town, and she’s not comfortable being alone — so I’d like to stay with her just to support her emotionally. I’ve been here continuously and want to return soon after this short visit.”

When your in-laws see that you are considerate and not abandoning your responsibilities, but simply being a good daughter too, they’re more likely to understand. Over time, your consistency and maturity will build trust.

It’s also okay to gently help your in-laws understand that both families are important to you — and your presence in each doesn’t threaten your role in the other.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x