Section 80C

Which provision you are asking, mean for tax scheme it was covered under 80c.

I meant, will a deposit in tax saver scheme in name of any other person other than the individual himself will be allowed or not?

If it was a blood relationship you can avail the credit not eligible for third parties,

If it is availed for major son in nationalized bank?

Public Provident Fund ( PPF ) can be opened for Self, Spouse and Children and the Individual can claim deduction U/s 80C upto Rs. 1,50,000/-

However all other Tax Saving Instruments of Section 80C like National Savings Certificate ( NSC ), National Saving Scheme ( NSS ), NABARD Bonds, ELSS of a Mutual Fund, Senior Citizens Saving Scheme, Fixed / Term Deposit for a period of 5 years or more with a Scheduled Bank etc should be opened in the name of the "Individual" inorder to claim Deduction U/s 80C.