Can One person open PPF Accounts with different Banks ?

Hi All,

I have a couple of queries:

1. Can I open one PPF account each with 3-4 different banks (say SBI, ICICI, PNB etc)?

2. Opening a PPF account with private bank is same as that with banks like SBI? (in terms of rate of interest and stability ?

FYI: I read in forums that we can have only one PPF account but it is not mentioned if we can use multiple banks with one PPF a/c each

Thanks in advance,

Rahul