• Sarina Paranjape

    I have recently moved to the US. My PPF account which I had opened as a resident matured on March 31. I understand I cannot extend for a block of 5 years with subscription. You mention that if the maturity amount is not claimed, the account get extended automatically for a block of 5 years. But you also say that there is a question mark about what happens to the money. What should NRIs do in such a case? Is it risky to leave the money in an account without contribution? Does it get interest? Does one have to wait for the block of 5 years to be over before claiming the maturity proceeds?

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