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If a person opens PPF account in the name of individual and also in the name of a minor(s), how the limit of deposit is determined?

April 26, 2017account deposit individual limit minor opens person PPF

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If a person opens PPF account in the name of individual and also in the name of a minor(s), how the limit of deposit is determined?

1 Answer

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10 Posted

Ans : The maximum amount of Rs.70,000/- can be deposited by a person in a financial year in a PPF account opened in his name and in the name(s) of a minor(s) taken together.