Bank or Indian Post Office?

[Harsha285]

I know PPF is a safe bet because of its tax-free returns policy, but I want to know: Do all banks offer the same rate of interest on PPF? Should I choose a bank or Indian Post Office to open my PPF account? I want to earn maximum returns with less hustle.

[Reema]

Bank and Post office are both good for opening a PPF account. Choose the bank with excellent online services, which I guess you will not get in the Post Office. The post office is good for rural areas. So it's all up to you, as both provide the same returns.

[Pravesh09]

Hi,
I opened an account in PPF when I was an Indian resident, but now I live in a foreign country and I am an NRI. Am I eligible for open or continue investing in a PPF account?

[Ridhima01]

As an NRI, you can not open a new PPF account. But if you had already opened your PPF account when you were an Indian resident, you can continue investing in it until its maturity. You can deposit up to ₹1.5 lakh per year, and withdrawals are allowed as per PPF rules.
And once your PPF account completes 15 years, you cannot extend it further. Extensions beyond 15 years are not allowed for NRIs.