Moving to US: Can Indians continue their PPF and NPS Tier II investments? Tax expert explains
New Delhi, Sept. 15 -- When an Indian moves to the US on a permanent basis, it does not necessarily mean that they are mandatorily required to close all existing investments in their primary country of residence.
Still, the rules governing Public Provident Fund (PPF), National Pension System (NPS) Tier II, and bank fixed deposits differ, and all account holders should carefully review each investment separately before deciding whether to continue, withdraw, or transfer it entirely.
The primary focus in such cases should be to clearly understand the rules and regulations applicable to a particular investment, such as a fixed deposit, NPS or PPF, at the time an individual completes the transition from the home country to the US. Let us di...
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