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Thread: PPF Account for Daughter

  1. #1
    PolicyWala NewBie
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    Question PPF Account for Daughter

    I have a minor baby girl. Can I open two PPF accounts of her, Out of this one in which I am his guardian as father and the second in which my wife is her guardian as mother.

    thanks and regards

    Amit



  2. #2
    Moderator Taxman's Avatar
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    Default

    No, You can open one account with your daughter.
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  3. #3
    PW Stalwart Master's Avatar
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    You can open only one account. It is against PPF law to have two accounts for one person. So take care.

  4. #4
    PolicyWala NewBie
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    Question

    Thanks for answering my query. I have one more query - Can two adults open a joint PPF account?

  5. #5
    Moderator Matrix's Avatar
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    Quote Originally Posted by amit27 View Post
    Thanks for answering my query. I have one more query - Can two adults open a joint PPF account?
    No. Two adults cannot open a joint PPF account.


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