Can a 70 year old open PPF account?

PPF accounts can be started at any time and by anyone. There is no age limit to open a PPF account as long as the contributions to PPF account are made at regular intervals of time to earn healthy returns in the future.

Can a senior citizen open PPF?

The interest rate on PPF remains at 7.1 per cent per annum while for the Senior Citizen Savings Scheme, the interest rate is 7.4 per cent per annum. The 5-year Monthly Income Account Scheme is offering 6.6 per cent payable monthly, while the 5-year NSC continues to offer 6.8 per cent compounded annually.

What is the maximum age for opening PPF account?

PPF accounts can be started at any time. Given that there is no age limit to open PPF account, all that matters is that contributions are made at regular intervals of time so as to earn healthy returns in the future.

Who are not eligible for PPF account?

There is no PPF eligibility age. Minors or persons with an unsound mind can have their PPF accounts provided that a guardian makes it for them. Any Indian citizen can have only one PPF account. There can be no joint accounts.

How old do you have to be to open a PPF?

Age Limit for Public Provident Fund. People who wish to open a PPF account have no age requirements. Even infants can have their own accounts, but the account has to be operated by an adult, also known as guardian, until the child turns 18 years of age, after which the child can operate the account.

Can I open a new PPF account after closing my old one?

Jayant R. Pai CFP and Head of Marketing, PPFAS Mutual FUND replies: You can open a new account as there is no upper age limit for opening a PPF account. Also, given that you have officially closed your old account, there is no need to reveal its details.

Can a senior citizen invest in PPF?

Can a senior citizen invest in PPF? The only restriction is that an individual is permitted to open and operate only one PPF account at a time. There is no upper age limit for opening a PPF account. I had a PPF account that I closed after 15 years.

How many times can a PPF account be extended?

On maturity, the account can be extended by blocks of 5 years any number of times. Banks cannot deny the extension based on your age. You must get documents of the PPF account holder attested by a bank authority. Is 60 the upper age limit for opening a PPF account?