Can I maintain more than 1 public provident fund (PPF) account under my name? is it allowed to open multiple PPF accounts

- Praveen Sharma | 830 days ago


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    Gaurav Seth
    823 days ago

    PPF account is a government-backed saving scheme that allows a depositor to save & invest regularly for a long tenure. PPF is a tax-saving instrument investment in which is eligible for claiming tax deductions by investors of up to Rs.1.5 lakh per financial year. 

    An individual is only allowed to maintain one PPF account. If an investor opens a second PPF account, then he/she will need to close the second account and t

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