Ppf-can workin professional invest in ppf

This query is : Resolved

Rahul Sharma (Querist)
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06 December 2011 can working professionals
or business people invest
in PPF and as we know
that in case of Attachment
of wealth by court order
for payment of liabilities
PPF a/c savings cant be
attached to it for payment
whether this provision is
applicable for service
people only or for all
investor of PPF.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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17 January 2012 ANYONE can open a PPF account. There is no restriction on opening a PPF account.

The restriction is applicable for a PF account. Only a salaried individual can open a PF account.