Sir My query is like this My daughter has a PPF account in SBI in 1992. She moved to USA in 1997 for studies and continued there . The PPF account is being subscribed in INR by her through me . The account is now 24 years plus and she wants to close and take the money to USA She has a NRE a/c here in india. 1 Please guide us as to what are various options open to us. What is the procedure to close the a/c 2 She is likely to visit India in India in August 3 How should she ask the bank to make the payment to her 4How the money can be converted to US $ and whether the money can be deposited in her NRE 5What is max amount that she can give as Gift to her mother and father and what will be the tax implications for the donor and the donee? 6 What is the way to minimise/but not avoid the tax. whether she should withdraw in installments? 7 I wont advise her to deposit the cheque in her NRO because of heavy tax there There should be some legal way to do ?