PPF ACCOUNT FOR MINOR
8 months ago
I have got a PAN Card for my kid which is a minor PAN Card and I am the guardian
If I open PPF account for my kid how much amount will I be able to contribute to kid account
And how much amount I can contribute in my own ppf account
A.Dear client,
A person can make a minimum contribution of Rs. 500 and a maximum contribution of Rs. 1.5 lakh to the minor's PPF account during a financial year (Note that the maximum cumulative contribution a person can make during a financial year is Rs. 1.50 lakh in both his and the minor's account)
A person can make a minimum contribution of Rs. 500 and a maximum contribution of Rs. 1.5 lakh to the minor's PPF account during a financial year (Note that the maximum cumulative contribution a person can make during a financial year is Rs. 1.50 lakh in both his and the minor's account)
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