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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.



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