16 March 2012
I HAVE DEPOSITED RS. 100000/- IN MY PPF A/C AND RS. 100000/- IN MY MINOR CHILD A/C..NOW WILL I GET THE PPF INTEREST ON BOTH THE ACCOUNTS??? AS PER SEC 3 OF PPF ACT,1968 WE CAN DEPOSIT AMOUNT IN INDIVIDUAL A/C AS WELL AS MINOR CHILD A/C BUT HE CANNOT HOLD 2 PPF A/C IN HIS NAME....PLEASE GUIDE ME AND IF YOU HAVE ANY CASE, LAW OR SEC AS A REFERENCE THEN PROVIDE ME THE SAME.