11 comments

  • Rajindra Prashad Aggarwal

    Is interest accrued on PPF account is tax free in USA

  • Rajindra Prashad Aggarwal

    In case of nri ppf account before going abroad it is clear that he can cotinue with the account and he can deposit in the PPF account for 15 years .
    My question is that the interest accrued in PPF account , IS NRI LIABLE TO TO PAY TAX ON THE INTEREST ACCRUED IN USA ( THOUGH PPF INTEREST ACCRUED IS EXEMPTED FROM INCOME TAX IN INDIA )

  • 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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