Investors, take note of PPF account regulations! Government rules strictly limit individuals to one PPF account across all financial institutions. Attempting to open multiple accounts will result in the second account being treated as irregular, with no interest accrual. If accidentally opened, you must merge accounts through the Ministry of Finance or close additional accounts, receiving only the principal amount back. The Public Provident Fund remains a trusted long-term investment option, allowing annual investments from 500 to 150,000 rupees with tax-free returns after a 15-year lock-in period. Interestingly, one exception exists: parents can open a PPF account for their minor children. This regulation ensures fair and transparent investment practices, preventing potential misuse of the government-backed savings scheme.
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