I already have a PPF a/c with one of the nationalised bank for past 6 Years. I would like to know whether can I open another PPF a/c with Post Office, or else I will have to close my PPF A/c with my Bank and then open an account in Post Office.
If it is possible to open 2 A/c one in Bank and other in Post Office, then is it possible to transfer the amount accumulated in Bank PPF A/c to Post Office PPF A/c.
If it is not possible to open 2 A/c's, then I have closed the A/c with bank and open a new A/c with Post Office, in that case is it possible to deposit the accumulated funds from Bank PPF A/c to the Post Office PPF A/c in the first year of Post Office.
Also would like to know whether can I close the PPF account with Bank before completing its time span of 15 years.
Yours immediate response would be appreciated.
Thanks & Regards,