The office memorandum stated that that any proposal to merge such PPF accounts won't be entertained
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Public Provident Fund or PPF Rule 2019 says that an investor can't have more than one PPF account against his or her name. If an earning individual has opened more than one PPF account — opened either of both accounts on or after 12th December 2019 under PPF Rules 2019 — then such PPF account(s) shall be closed without credit of PPF interest rate.
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