One person is allowed to open only one PPF account and its ownership cannot be transferred
I have two PPF accounts by error. Is it possible to transfer one of the accounts to my minor daughter?
-Manas Bhaumik
One person is allowed to open only one PPF account and its ownership cannot be transferred. You should surrender your second account as soon as possible. You will receive only the principal amount paid against second account.
This article was originally published on August 26, 2013.
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