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.

Similar Threads:

• Is it possible to add wife in the PPF account to make it joint PPF account?
• Want to close PPF account of Post office and open new PPF account in SBI.
• Can I deposit in PPF account, after maturity of PPC account?
• Transfering of PF money to new account from old company's PF account
• Two Brokers Trading Account with one Demat Account

[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]

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 -

1. A photograph
2. Permanent Account Number (PAN)
3. 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.

[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.