New Account for my Son

[Rahul]

I want to open a PPF account for my son. Do I need to give my PAN number? Or
Do I need to apply for my son`s PAN number and then open the New PPF account and deposit Rs 70,000 to her PPF account without any TAX rebate.

Please guide.

[Expert]

As your Son is minor, Please apply for his New PAN Number. You can open New PPF for your son.

If you are going to invest 70000/- in his PPF account, please remember you would not be able to put any money in your own PPF. As you are exceeding the maximum tax rebate claim amount.

[Sanjay]

Can you specify what all documents are required for opening of a new PPF account in nationalised bank like PNB?

[Expert]

I want to open a PPF account for my son. Do I need to give my PAN number? Or
If you do not have a Permanent Account Number, you will have to furnish an attested copy of either your ration card with your son name on it, voter's identity card or passport.

[Expert]

Can you specify what all documents are required for opening of a new PPF account in nationalised bank like PNB?
You need following documents to open a new PPF account -

A photograph
Permanent Account Number (PAN)
If you don't have PAN, than you need to furnish an attested copy of either your ration card, voter's identity card or passport.