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View Full Version : Can he open one PPF account in post office and same time in SBI?



Imran
13-10-2012, 08:24 PM
One of my uncle is a retired person and he has few queries on PPF -
1- Can he open one PPF account in post office and same time in SBI?
2- Can he use my sonís PPF account receipt for showing income for till 70 thousand in year?

MTG
14-10-2012, 01:43 PM
One of my uncle is a retired person and he has few queries on PPF -
1- Can he open one PPF account in post office and same time in SBI?

You can have only one PPF account in one persons name.



2- Can he use my sonís PPF account receipt for showing income for till 70 thousand in year?

He can only invest/claim (IT) in his son, daughter or wife's PPF account.