Need A Financial Product Forums Trading/Investments Any views on opening PPF account for minor daughter

This topic contains 1 reply, has 2 voices, and was last updated by  Md Ibrahim 2 years, 7 months ago.

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  • #47201

    Md Ibrahim
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    I already have PPF account in which I am investing Rs. 1 lakh p.a. I want to open another PPF account for my minor daughter with investment of Rs. 1 lakh. I don’t want to stake my money in risky ventures plus taxation is not my concern here. What are your views on this?

    #47202

    If you are really concerned about riskiness of long term investment options, then opening PPF account is the right option for you. Open your daughter’s account under your wife’s guardianship otherwise you will be restricted to invest Rs. 1 lakh in both of these PPF accounts.

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