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Thread: Can he open one PPF account in post office and same time in SBI?

  1. #1
    PolicyWala Newbie
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    Default Can he open one PPF account in post office and same time in SBI?

    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?



  2. #2
    PW Expert MTG's Avatar
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    Quote Originally Posted by Imran View Post
    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.


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