General Rule for PPF Account
As per PPF regulations, individuals are only allowed to hold one PPF account in their name. This rule applies regardless of where you open the account (bank, post office, etc.). Having multiple accounts under your name is strictly prohibited.
Can I have 2 PPF Accounts?
No, You Cannot Have 2 PPF Accounts in Your Name. The Public Provident Fund (PPF) is a popular investment scheme in India, known for its attractive interest rates and tax benefits. But can you leverage these benefits by opening multiple PPF accounts? Let’s delve into the regulations and explore any exceptions.