Thinking of opening a Public Provident Fund account?
Here is what you need to know about who can open a PPF account.
- Only an Indian resident can open a PPF account
- NRIs are not eligible to open PPF accounts. However, a resident Indian who has become an NRI after opening an account can continue the account until maturity
- Parents/guardians can also open PPF accounts for their minor children
- Opening of joint accounts and multiple accounts is not allowed