Need A Financial Product Forums Trading/Investments Will PPF investment limit remain same after child attains majority

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  • #47059

    As per my knowledge, a person can invest maximum of Rs. 1, 00,000 to his PPF account including minor’s account. I want to know that does this limit remain same after the child’s attain majority or it automatically stands increased.

    #47060

    Sarla Jadhav
    Member

    One can keep investing in the combined PPF account even after the child attains majority. The limit will not increase automatically. However, if you want a total limit of 2 lakhs then you can deposit the amount to your child’s savings account and from there he can invest it in his individual PPF account to claim tax benefit for it.

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