Ppf nuances

It was an interesting insight that I got while decoding the Ppf into a little bit more detail.  These are key points which are little known and hence I thought I would make this post

1. If you don't deposit before the 5 th of the month, one doesn't get interest for the month. This is a big negative. In other bank accounts one gets daily interest.. hence this slips ones mind. The Ppf account follows the banking practices as it was some fifteen years ago.

2. One can also open an Ppf account in ICICI bank. This is one of the only private banks which has been allowed to open Ppf accounts by the government. So if you want to open one where you will get some better customer service.. go for ICICI bank. ( Sbi, post office etc are the other places )

3. One cannot open more than one account in your name. However you can open another account in guardianship for your child. So a family can have four accounts but two children cannot have the same guardian.

These are three points which I thought were important.  If you have any other ones... please feel free to add on.