Public Provident Fund Eligibility Requirement

All you need to know about PPF eligibility criteria

  • Resident individuals and individuals acting as guardians for minors are eligible to open accounts.
  • Joint PPF accounts are not permitted.
  • Non-resident Indians (NRIs) are ineligible to open accounts under the Public Provident Fund Scheme. However, if a resident becomes an NRI during the 15-year tenure of the scheme, they may continue contributing to the fund until maturity, but on a non-repatriation basis.
  • Each individual can open only one PPF account and must declare this at the time of account opening.

Frequently Asked Questions

Eligibility for PPF Account includes that you must be a resident individual or acting as a guardian for a minor. Joint accounts are not allowed. Non-resident Indians (NRIs) cannot open PPF accounts, but if a resident becomes an NRI during the scheme's 15-year tenure, they can keep contributing until maturity, without repatriation. Each person can only have one PPF account and must declare it when opening the account.

Residents and individuals serving as guardians for minors have the eligibility to open a PPF account.