37 comments

  1. Hi,

    My self and wife is working. I am having PPF account. Wife doesn’t have PPF . We have 3 kids. I have opened PPF for all 3 kids. For 2 kids I am the guardian. For 1 Kid wife is guardian. I would like to know, whether I can get a tax exemption 1.5 L for my self + 1.5L exemption for the kid for whom my spouse is guardian ? Similarly for wife also can get an tax exemption for the kid for whom I am the guardian.

  2. hi i m looking for some investment option for my child,she’s just 5 month old, basically my aim is to accumulate enough amount for her’s postgraduation /marriage i would like to invest for a period of 3-5 years only and nd looking for some option wer the money mature after like 18yrs.wht would be the best investment option a PPF a/c or single premium plan ?

  3. We are service couple with accumulated salary after NPS is 80000per months. We have service life 20 years and 25 years. We have one year old boy child. Kindly advice me at my e mail id:- baruahdd2009@rediffmail.com how to invest for my child. At present our house loan EMI 23000, Lic (both) 50000 yearly.

  4. hi my wife already had a ppf ac opened in 2006.In 2014 she got 2 additional ppf ac opened for our two minor children’s under her guardianship only in the same bank ,also she got her ppf ac too transferred from post office to same bank.Nobody in bank’s ppf deptt had objected to the idea of opening two more ppf ac’s apart from hers.
    I wish to know whats needs to be done in this case,whether it has to be canceled or whats its implications if it can be continued.

    1. Vivek, As per PPF guidelines, you are not supposed to do that. You can check and close them. You + your spouse can save Rs 3 Lakhs through PPF. Do you invest more than this in all combined accounts what you are holding ?

  5. I have a ppf account in my name opened two years back. Now can i open another ppf account in my daughters name who is a minor.

    i have opened it online do i need to cancel it or will it automaticially get cancelled for forms and documents are not yet submitted to the bank.

    Regards,
    George

Leave a Reply

Your email address will not be published. Required fields are marked *