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Ppf interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 September 2011 i want to know that
if i will contribute 70000 in self PPF & 70000 in my minor's PPF, then on which amt I can get interest??
on 140000 or only on 70000 ???
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U S Sharma

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U S Sharma (Expert)
02 September 2011 bank will ask you to withdraw 70000 from any one account, as per PPF rules nobody can make deposit more than 70000 in one or more accounts under same PAN (minors account is having your name and PAN also)
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