Post office MIS account and PPF opened as Resident Indian. Subsequently became NRI as out of India for more than 182 days on joining a new job abroad with a work permit visa.
Can PPF be continued with Rs.1.5 Lakh yearly contribution till maturity and can exemption under 80 CC still be claimed on income in India via dividends and capital gains etc. arising from equities and MF’s ? The demat and linked bank account’s are converted to NRO status.
Is it ok to continue both the accounts ? If not, what is the process to be followed a) close the accounts or b) convert to NRI account ?