Ppf account of minor
This query is : Resolved
Priyanka Shetty
(Querist)
09 October 2014
Sir,
A person had a PPF account opened by his parents when he was a minor. The same got closed when he attained majority.
Now he wants to open a PPF account as he is a major all by himself.
Can he do so, bcos a person can open only one PPF account.
A person had a PPF account opened by his parents when he was a minor. The same got closed when he attained majority.
Now he wants to open a PPF account as he is a major all by himself.
Can he do so, bcos a person can open only one PPF account.
09 October 2014
Yes he can open. You can not have two running account at the same time. Since earlier account is closed. New PPF can be opened.
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