Should PPF nominees have a joint account?
It is advisable to open a savings account of the nominee or nominees in the same bank and mention this account number in the PPF account opening form.03 Dec 2008
It is advisable to open a savings account of the
nominee or nominees in the same bank and mention this account number in the PPF
account opening form. Since a single cheque is issued in favor of all the
nominees, it is advisable for nominees to open a joint bank account.