Can an individual have more than one PPF account?

No, an individual cannot have two PPF accounts in their name at the same time.

03 Dec 2008

No, an individual cannot have two PPF accounts in their name at the same time. Doing so will invite a penalty. If the issuing authority (bank or post office) detects two accounts during the tenure of the scheme, you will get back only the principal you put into the account, sans any interest.



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