Explained: PPF account rules for NRIs and Indian residents abroad

Many Indians who move abroad continue to maintain their savings and investments in India, including Public Provident Fund (PPF) accounts. But once someone becomes a Non-Resident Indian (NRI) under the Foreign Exchange Management Act (FEMA), certain restrictions apply.

Here’s what the rules say about PPF accounts for NRIs and what parents can do if their children have moved overseas.

Can NRIs hold a PPF account?

Under current rules, NRIs cannot open a new PPF account after their residential status changes. However, if the account was opened while the person was still a resident Indian, it can continue until its original 15-year term ends.

To keep the account active, a minimum deposit of ₹500 per financial year is required. NRIs can continue contributing to their existing PPF account dur