FEATURES
ELIGIBILITY
- Account can be opened by Resident Individuals and Individuals on behalf of minor of whom he is guardian.
- No joint PPF accounts are allowed.
- Non-resident Indians (NRIs) are not eligible to open an account under the Public Provident Fund Scheme. However, a resident who becomes an NRI during the 15 years' tenure prescribed under Public Provident Fund Scheme may continue to subscribe to the fund until its maturity on a non-repatriation basis.
- An individual can open only one PPF account and declare the same at the time of account opening.
