The government has amended rules for the people holding accounts at the Public Provident Fund and National Savings Certificates, to be closed before the maturity if the holder changes the status to non-resident Indians.
The new amended rule has been stated in the official gazette published earlier this month.
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The amended rule, which has mentioned the cancelling of PPF account from the date the holder changes the status to NRI, also says that the payable interest would be till the date of account closure.
It should also be noted that NRIs are not allowed to use services such as National Savings Certificates, Public Provident Fund and other various services from the Post Office.
