I have a PPF account in Kolkata which I have not used for almost ten years. Now I am settled in Bangalore and want to open a new PPF account here. Since two PPF accounts are not allowed to be held by any one individual, I want to close the Kolkata account. What is the precedure, please?
Re: Closing old PPF account
by Vinod Bharati on Sep 18, 2010 03:14 PM Permalink
you get your old account regularized by paying the panalty and minimum deposit for the period for which the account remains inoperative. After regularization you can tranfer account anywhere in India.
