Ppf for minor child

"Is it allowed to open a PPF account for a minor child?"

Yes......... definitely allowed... Total investment PA in all the accounts should not exceed 1.50 lakhs.

The interest accrued on PPF investment is totally tax free; but you cannot invest more than 1.50 lakhs in aggregate in your account, including that of your daughter.

Thank you for the response. Also, can I claim tax exemption under 80C for the amount deposited in daughter's PPF account?

Originally posted by : Dhirajlal Rambhia
	you cannot invest more than 1.50 lakhs in aggregate in your account, including that of your daughter.

Do you mean, I can not invest more than 1.50 lakhs combining my account and my daughter's account? Or is it that the combined limitation of Rs.1.50 lakhs is applicable only for claiming tax exemption under 80C while I can deposit Rs.1.50 lakhs in each of the accounts (totalling Rs.3 lakhs)?

1. Yes........  you can not invest more than 1.50 lakhs combining your account and your daughter's account?

2. Also.......that the combined limitation of Rs.1.50 lakhs is applicable for claiming tax exemption under 80C, aggregate of all the investments that can be claimed. 
 

Thank you for the clarity.