Here’s How You Can Open A PPF Account On Behalf of A Minor

Here’s How You Can Open A PPF Account On Behalf of A Minor

No age restriction exists for opening a PPF account. In the situation of a minor, until the account holder turns 18, a guardian regulates the account.


On behalf of the minor, a minor’s legal guardian or personal guardian (mother or father) who is a resident person can open a PPF account. The account can be opened by only one of the guardians. On behalf of the same minor, both mother and father can’t open a PPF account.

How and where to open a PPF account?

It is possible to open a PPF account with a post office or approved bank branch allowed to open PPF accounts. In the PPF account opening form, the guardian must specify his or her required specifics along with the minor.   

Documents required to open a PPF account for a minor child

After filling the account opening form, you must attach your form with the below-listed documents:

  • All KYC documents along with a passport size photograph of the guardian
  • Birth certificate or Aadhaar card of the minor child for age proof
  • A cheque for the initial contribution of Rs 500 and above to the PPF account

Minimum and maximum contribution to the PPF account

One can make a minimum contribution of Rs 500 up to a maximum of Rs 1.5 lakh during a fiscal year into his or her PPF account.


In the ownership of the account holder, interest earned along with the maturity amount is both exempt from tax. Contributions made to the PPF account are deductible under Section 80C for up to Rs 1.5 lakh per fiscal year. An adult with his own PPF account and as a guardian of his child can benefit from a maximum deduction of Rs 1.5 lakh considering both accounts. A PPF account does not receive a specific deduction cap of Rs 1.5 lakh.

Points to consider

  • Unless they are legitimate guardians after the parents’ death, the PPF account can not be opened by grandparents on behalf of a minor child.
  • It will be best if you add a nominee while opening a PPF account for a minor

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Article first Appeared on Informalnewz


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