Need A Financial Product Forums Trading/Investments Can I contribute to daughter’s PPF account for 20 years

This topic contains 1 reply, has 2 voices, and was last updated by  Suresh Tawari 2 years, 8 months ago.

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  • #47302

    I have recently opened a PPF account for my minor daughter under my guardianship. The idea was not taxation but investment for her future. I want to keep investing in this account for next 20 years. During this time period, she will attain majority age. I have a doubt whether I can still contribute to her account after she attains 18 years of age or not. Can you please throw some light on it?

    #47303

    Mukesh Maru
    Member

    Yes, you can continue to invest in your daughter’s PPF account even after she attains majority.

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