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