Minor - PPF Rules Doubt

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Discussion is about opening a PPF account for a minor child and clubbing of 1.5 lakh annual limit with parent's PPF. The 15-year lock-in starts from account opening year. Excess contribution over limit does not get tax benefit but account remains active and earns applicable PPF interest.

Ankur Aggarwal

Ankur Aggarwal (Querist)
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06 April 2026 Hi,

I have a minor daughter and I want to open a PPF account for her. I am also investing 1.5L in my own PPF. As I understand, the annual limit of my and my daughter's PPF will be 1.5L.
1. The lock in of 15 years is calculated from the day of opening of minor PPF or from the date she turns major.
2. If I deposit say 10,000 per year in the minor's PPF above the 1.5L in my own PPF, then will the account be deactivated or only savings interest will be given on that.

Thanks

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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06 April 2026 The 15-year period starts from the financial year of opening, not when the child becomes major.
The ₹1.5 lakh limit is aggregate across your PPF and your minor child’s PPF, and any excess investment simply earns no benefit but doesn’t invalidate the account.

Ankur Aggarwal

Ankur Aggarwal (Querist)
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06 April 2026 Thank you for the reply sir.
Will the investment not earn any interest or will it earn at least the savings interest?

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