PPF account of a minor
This query is : Resolved
Lina Wadekar
(Querist)
21 January 2009
Can I open PPF account in the name of minor(Minor is in India) where guardian will be his father who has NRI status?
I understand that NRI can not open PPF account
I understand that NRI can not open PPF account
21 January 2009
Now father and son cannot have two different PPF account from2006 onwards.
What is the income to the minor to say that it is his money and his NRI fathers. Take gift in India in name of minor and invest.
What is the income to the minor to say that it is his money and his NRI fathers. Take gift in India in name of minor and invest.
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