Is it possible to have 2 PPF accounts in a family, one in husband name and second in wife name ?

POSTED BY Ravikanth ON August 7, 2013 7:02 pm COMMENTS (5)

5 replies on this article “Is it possible to have 2 PPF accounts in a family, one in husband name and second in wife name ?”

  1. Dear Srinivas, a guardian can be only for minor accouts. Adults can not have such thing. 🙂

    thanks

    Ashal

  2. 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.

    Thanks

    Ashal

  3. srinivas bandaru says:

    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

    srinivas

  4. Ravikanth says:

    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.

  5. Biswa Singh says:

    Ofcourse its possible. Each individual can have one PPF account including child.

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