PPF Account For Children: Rules, benefits and limitations parents should know
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓A parent or legal guardian can open a PPF account in the name of a minor child.
- ✓Parents manage these accounts until the child turns 18.
- ✓You can invest up to 1.5 lakh annually, but this limit includes your own account.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Zee Business
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
A parent or legal guardian can open a PPF account in the name of a minor child. | ChatGPT generated/Representative Image
Parents often start saving money for their children from an early age. Some prefer fixed deposits, while others choose government savings schemes or mutual funds. The idea is to build a fund that can help with education and other expenses in the future. The Public Provident Fund (PPF) is one such option. Most people know PPF as a long-term savings scheme, but parents can also open an account in the name of their minor child.
However, there are certain rules regarding deposits, withdrawals, and account management that parents should understand before investing.
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