Is it possible for individuals to transfer their PPF account to another person?

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• Is it possible to transfer NSC ownership?

  Yes, you can transfer the ownership of NSC to another person. For this you will need a written declaration of consent from the postmaster of the post office where you have opened the account. You can transfer the certificates from: Holder to nominee ...

• Is it possible to transfer NSC ownership?

  Yes, one can transfer the ownership of NSC to another person. For this the investor would need a written declaration of consent from the postmaster of the post office where he has opened the account. Certificates can be transferred from: Holder to ...

• How many contributions can be made towards the PPF account in a month?

  In a month, individuals can make up to two contributions towards the PPF account. The maximum number of contributions that can be made in a year is 12.  

• What documents are required to open a PPF account?

  Following documents are needed to open a PPF account Nomination form Copy of PAN card or Form 60-61 Form A or PPF account opening form Photograph (passport size) Residence and ID proof as per Know Your Customer (KYC) standards.

• What are the other advantages of PPF?

  Apart from tax benefits, there are other advantages of investing in PPF You can get a loan against your PPF between 3rd to 6th financial year. You can make partial withdrawals after 7th financial year of holding period. Account can be extended in a ...