I have a PPF account. Can I open PPF account in my Two minor kid’s name and deposit Rs 1 lac in each account. Total Rs 3 lac per annum. Shall I get interest on all the three accounts. I understand that I shall get tax exemption on Rs 1 lac only.
I have a PPF account. Can I open PPF account in my Two minor kid’s name and deposit Rs 1 lac in each account. Total Rs 3 lac per annum. Shall I get interest on all the three accounts. I understand that I shall get tax exemption on Rs 1 lac only.