1. I refer to SBI Circular no.Gad/MDS/27/17-18 Reg.PPF Schemr-1968
    ‘If a resident who opened an Account under this scheme, subsequentely becomes a non resident during the currency of the maturity period,the account shall be deemed to be closed with effect from the day he becomes a non Resident and interest with effect from that date shall be paid at the rate applicable to post office SB A/C up to the last day of the month preceding the month in which the A/C is actually closed’
    When the bank has received the money assuring 8.5 % returns can the govt do like this with retrospective effect?

  2. I am an nri but my minor son lives in India.  Can i invest in my minor son's ppf account as i am his guardian or i have to change his gaurdianship to my wife?  Please advise.

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