While you cannot hold more than one PPF account in your own name, you are allowed to open a separate PPF account for a minor child as a guardian.
PPF is popular, long-term and tax-efficient, but the government is very clear about how many accounts one person can legally ...
Individuals can invest a minimum of ₹500 and a maximum of ₹1.5 lakh per year for 15 years in their PPF accounts. This amount ...
While the PPF remains a top-tier savings tool, rules prevent investors from doubling tax benefits through multiple holdings ...
According to the Public Provident Fund Act of 1968, an individual cannot open more than one PPF account in India. This rule applies even if you try to open a PPF account via different banks. For ...
PPF rule alert: PPF is a long-term savings scheme with a lock-in period of 15 years. Investors can invest a minimum of Rs 500 ...
Can you legally hold more than one PPF account? Learn the rules, penalties for multiple accounts, merging options, and ...