WebDec 7, 2024 · The rule allows opening of one’s own account, and also on behalf of minor or a person of unsound mind of whom he or she is the guardian. Getty Images Maximum deposit in PPF accounts in a financial … WebPPF account for Minors cannot be opened via online mode; you will need to visit any of the HDFC Bank branches. NRIs cannot open an HDFC PPF account. You can visit the nearest HDFC Bank branch and request for nomination updation/change (if required). Joint-account holders cannot open a PPF account online.

Why You Should Open a PPF account for Minor Children (2024)?

WebMay 10, 2024 · If you are a parent or a legal guardian and a resident of India, you can open the PPF account in your minor child’s name. Plus, you can operate your child’s PPF Account until she turns 18 years. However, in this case, the PPF Account will be only in your child's name; joint holding is not permitted. WebThe Young Stars Savings Account is a great Savings Account for kids that helps parents plan and balance their children’s needs with ease. A parent or a guardian only needs a … twin cities skyline silhouette

How to open PPF for child in detail With Document - YouTube

WebFeb 24, 2014 · As per PPF rules, a guardian can open Public Provident Fund account for minor child, where guardian is Either Father or Mother Or incase of Parents are not alive, then any other guardian under the law … WebWho is eligible to open a PPF account for the minor? Any parent or legal guardian can open a Public Provident Fund account on behalf of a minor, provided that they are … tails king\\u0027s college