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I want to open a ppf account in the name of my child who is minor. Is it possible to open ppf account in the name of minor???

Asked in Personal Finance & Tax at 4:31 PM on November 05, 2009

Tags: open, ppf, account, child, minor, possible

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IT IS POSSIBLE. The conditions are:
(1) The child father or mother must have guardian only and they were eligible only open the minor
PPF A/C.
(2) Must have the guardian photo.

Answered by MURALEE DHAR , an ibibo Citizen, at 9:17 AM on November 06, 2009

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MURALEE DHAR
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Yes. It is possible under the present rule in force.

Answered by fundmanager , an ibibo Advisor, at 1:12 AM on November 06, 2009

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fundmanager
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MINOR PPF ACCOUNT IS NOT BEING OPEN IN STATE BANK OF INDIA

Answered by rahul roy , an ibibo Citizen, at 6:04 PM on November 05, 2009

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rahul roy
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Related Search

how to open ppf account and what is the rate of inretest and what about tax benifit

yaer. account can be opened with post offices or some of the major nationalized banks which have PPF facility available, some agents also do it for u, interest is around 8 PA...Dear Piyush, u can open ur for open ppf account are given below-1. Make a trip to your local post office. You can open it at any head post office or selection grade sub post offices.2. Visit the nationalised bank in your neighbourhood