-
PW Regular
Can I get interest, if I deposit Rs 1 lacs in child PPF account?
I read in lots of forum that you can deposit Rs. 1,00,000 in your PPF account and Rs. 1,00,000 in your child PPF account. Total 2 lacs.
My query is - Can I deposit Rs. 1,00,000 in my account and the same amount i.e Rs. 1,00,000 in my child's account?
I understand that the income tax benefit will be only for Rs. 1,00,000 (one of the above, most probable from my PPF account), but will I get interest on the amount that is deposited in the child's account as well?
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules