Скачать или смотреть Public Provident Fund (PPF) Account | 8 Things to Consider before Opening PPF Account of a Minor

To know more about PPF, click here- https://cleartax.in/s/ppf

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How to Use ClearTax's PPF Calculator? Click here-
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What is a PPF account?
Public Provident Fund (PPF) scheme is a long term investment option which offers an attractive rate of interest and returns on the amount invested. The interest earned and the returns are not taxable under income Tax. One has to open an PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions.

Can a child have a PPF Account?
An individual can open a PPF account a child's name in the capacity of guardian of the minor. But remember that a PPF account cannot be opened in joint names. When the minor turns 18, he/she can operate the account. Loans and other benefits like partial withdrawals from the minor's account are also allowed.

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