August 7, 2013 7:02 pm
Dear Srinivas, a guardian can be only for minor accouts. Adults can not have such thing. 🙂
Dear Ravikanth, yes your wife can deposit from her own savings as well as you can also deposit from your own money into her account. So intotal a husband can invest 2L Rs. 1 for self & 1 for wife.
Dear Ravikanth, if both husband and wife are working, then only u can invest 2 lakhs ( i lakh per account), if ur wife is not working, then you’ll be the guardian.so the investment in ppf account will be your money, hence u can invest only upto 1 lakh if u have 2 accounts ( 1 on your name and 1 on your wife name). Similar case with the children also. If u r the only person working in your family then max investment can be 1 lakh only. I hope you understood.
Thanks Biswa, but my detailed question didn’t appear above.. Like to know both account put together whether investment can be done upto 2 lakhs (one lakh in each acct) if my wife is not working and she use her saving to deposit in her PPF account.
Ofcourse its possible. Each individual can have one PPF account including child.
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