Key points to Remember
- The government tracks PPF contributions through PAN cards, making it easy to identify duplicate accounts.
- If you have more than one PPF account in your name, it’s crucial to regularize your situation by merging or closing the extra accounts to avoid complications.
- Consult your bank or post office for guidance on handling duplicate accounts.
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.