Limit for PPF minors accounts

[PW123]

I have opened four accounts. Mine, spouse, son and daughter. I have a query - Does the Rs.70000 limit for PPF accounts include self as well as minors account, or can I deposit Rs 70000 each in self and my son and daughter accounts?

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[Manish_Kumar]

You can deposit Rs. 70000/- in each account no problem. So in total 4*70000= 280000/-.

[Manish_Kumar]

But you cannot claim for more than 70000/- in your IT Return.

[PW123]

But you cannot claim for more than 70000/- in your IT Return.

Thanks Manish. Can I open joint PPF account with my wife?

[Manish_Kumar]

Can I open joint PPF account with my wife?

No. You cannot open a joint account with another individual. The account can only be opened in one person's name.