Query By - Prabir | 12/12/2012
She will have to provide to the PPF accounts office, to its satisfaction, proof of her identity. You may check with the bank its policy in this regard. Different banks / organizations have differing policies in this regard. However essentially an identity proof needs to be submitted. As per current tax laws, India does not impose any inheritance tax nor is wealth tax applicable on financial assets such as PPF and bank deposits.