I came to know through SBI officials that the maximum amount I can deposit in a PPF account combined together with accounts opened in the name of minors, is ONLY Rs. 70000/-. For Example if I have opened the a/c of two minor daughters and have three PPF accounts (one in my name and two in the name of minors ). I can deposit only Rs. 70000/- combined in above three accounts and not Rs. 70000/- in each account. My queries -
- Is the above fact is true or not as per current PPF rules?

- If it’s not true then is PPF accounts of my daughters will earn the interest or not?

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