Who can open PPF Account?

Last Updated : Sep 18, 2019
  • Home
  • Eligibility To Open PPF Account

Eligibility To Open PPF Account

  • Anyone individual who resident of India can open an account under the Public Provident Fund. Only one account per person can be opened.
  • PPF account can also be opened on behalf of minor. Parents can open PPF account in the name of their children, but grandparents cannot open the account.
  • Non- Residents of India are not eligible to open PPF account. However, NRIs of Indian origin who earlier had PPF account can continue their account contribute to it and enjoy all the benefits until the lock in period of 15 years ends.
  • Opening of PPF accounts in the name of Hindu Undivided Family is not permitted.


Disclaimer : We DO NOT offer any financial advice here. The website's content should only be used for informational purpose. By using this website user is agree that the authors and website are not responsible or liable, directly or indirectly for any losses incurred through this website.