CAN ONE PERSON OPEN 2 ACCOUNTS FPR PPF?



I AM HAVING NOW ONE ACCOUNT IN SBI BANK. IT WILL FINISH AFTER NEXT 5 YEARS. SO NOW I WANT TO OPEN NEW 2ND ACCOUNT, CAN IT IS OK.

CAN ONE PERSON OPEN 2 ACCOUNTS FPR PPF?
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4 Replies to “CAN ONE PERSON OPEN 2 ACCOUNTS FPR PPF?”




  1. It should be possible, if u have not already exhausted the yearly limit of Rs. 70000 in ur first account. Better option is to contact the branch

    If u r young, I would rather suggest u to go in for an equity mutual fund SIP for a term of 1 or 2 years. It gives u much better returns and is tax efficient too

    If u want further information u may contact me at [email protected]





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