Non Resident Indians are not eligible to open an account under the Public Provident Fund (PPF) Scheme. Provided that if a resident, who subsequently becomes Non Resident Indian during the currency of the maturity period prescribed under Public Provident Fund Scheme, may continue to subscribe to the Fund till its maturity on a Non Repatriation Basis.
[MOF (DEA) Notification No GSR 585 (E) dated 25.7.2003]
An amendment was made to Rule 3 of PPF Scheme 1968 vide MOF Notification No. GSR 585 (E) dated 25.7.2003; Non Resident Indians are not eligible to extend/continue PPF account after maturity. It has been clarified by the Ministry of Finance that accounts opened under such category cannot continue beyond maturity; therefore any subscription made by the depositor is irregular and not entitled for interest. Amount deposited after maturity, shall be refunded to the account holder without interest.
[MOF letter F No. 3/4/2012-NS-II dated 16.7.2012]