Can we open another PPF Account for my spouse and if she is eligible to take the advantage of tax benefit

Please note that if your wife is an Income Tax Assess and want to avail tax benefit under section 80C of the Income Tax Act 1961, then of course your wife can open a separate PPF account for this purpose. Please also note that she should be the first applicant in all the investments, including PPF Account, for availing Income tax rebate.

Your SBI account wherein you and your wife are holders as either any one or survivor mode, has nothing to do with your PPF account as far as availing tax is concerned. Please note once again that The PPF account (where you are the first holder) is for availing tax benefit for you and the one you are planning to open in your wife’s name will be for availing tax benefit in her name.

Another suggestion would be to nominate your wife in your PPF account and you should be the nominee in your wife’s PPF account.