Ask NewsBytes
Charvi Mehta

Charvi Mehta

Asked on 9 April, 2019

Can a minor open PPF account?

NewsBytes

Answered by

NewsBytes

A PPF account for a minor can be opened by their father or mother, or any guardian under the law (grandfather, grandmother, uncle, aunt, etc.) in case the parents aren't alive or if the surviving parents are not capable of acting.

Vishal Vyas

Vishal Vyas

Asked on 9 April, 2019

What are the documents required for opening PPF account?

NewsBytes

Answered by

NewsBytes

The documents required include a valid proof of identity (PAN card, Driving License, Voter ID, or Passport), and the recent passport-size photographs.

Divya Mehta

Divya Mehta

Asked on 9 April, 2019

Which banks offer PPF account facility?

NewsBytes

Answered by

NewsBytes

Many major Indian banks such as SBI, ICICI Bank, Axis Bank, HDFC, PNB, Central Bank of India, and Bank of India among others, offer the PPF account opening facility, at their designated branches and subsidiaries.

Ajay Mukopadhyay

Ajay Mukopadhyay

Asked on 9 April, 2019

What are the eligibility rules for PPF?

NewsBytes

Answered by

NewsBytes

Here are the rules for eligibility: 1) All Indian residents can open a PPF account. 2) A person is allowed to open only one PPF account. 3) Minors can also get a PPF account opened, upon furnishing a legal age proof.

Related Topics