Any individual may, on his own behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund (thereafter referred to as the fund) any amount not less than Rs. 500 and not more than Rs. 70,000 in a year.
Non Resident Indians are not eligible to open an account under the Public Provident Fund Scheme
(1) Every individual desirous of subscribing to Fund under the Scheme for the first time either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of a Hindu Undivided Family of which he is a member or on behalf of an Association of persons or a Body of individuals as referred to in sub rule 2(b) of Rule 3 above shall apply to the Accounts Office in Form A, or as near thereto as possible together with the amount of initial subscription which shall be integral multiples
Accounts Officer with the date stamp.
Accounts Office, may issue a paper token to the depositor pending realization of the proceeds.
amount of loan, if any, drawn by him under paragraph 10 and which remains to be repaid: Provided that not more than one withdrawal shall be permissible during any one year.
to his credit to at the ends of the second year immediately preceding the year in which the loan is applied for.