Public Provident Fund subscription limits restrict annual contributions and bar non resident Indians from opening accounts. Any individual may, on his behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund subject to the prescribed ... Summary
Public Provident Fund subscription limits restrict annual contributions and bar non resident Indians from opening accounts.
Any individual may, on his behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund subject to the prescribed minimum and maximum annual amounts. Non-Resident Indians are not eligible to open an account under the Scheme, but a resident who subsequently becomes an NRI during the currency of the maturity period may continue to subscribe until maturity on a non-repatriation basis.
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