However, they cannot open a PPF account on behalf of their grandchildren. Grandparents can only act as a guardian on behalf of a minor grand-child who has lost both parents.Both parents cannot open separate Public Provident Fund accounts on behalf of the same minor.Though as an exception you can handle another one that is on behalf of a minor. An individual can maintain only one Public Provident Fund account.Other individuals can open an account on behalf of minors in India.
Resident Indian individuals can open a Public Provident Fund account.You must be able to receive an OTP on the mobile number linked to your Aadhaar card.You must link your ‘Aadhaar’ number to your SBI savings account.Following are the prerequisites for SBI PPF account opening are: It can be done through internet banking or mobile banking. The online procedure for SBI Public Provident Fund account opening is simple. Invest Now SBI PPF Interest Rate 2023 Durationīest Mutual Funds for Long Term Investment How to open PPF Account in SBI?
