Ppf account - limit of investment in family accounts
This query is : Resolved
18 August 2012
If I have PPF accounts in my name, my wife name and my 2 kids names, total 4 PPF accounts. Queries are :
a. May I deposit 1,00,000 in each 4 accounts in a year ?
b. Will I get interest in all the accounts, even if I don't ask for tax benefit under 80C ?
a. May I deposit 1,00,000 in each 4 accounts in a year ?
b. Will I get interest in all the accounts, even if I don't ask for tax benefit under 80C ?
18 August 2012
Total limit will be Rs.1Lakh including self, spuose & Childrens.
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