Parents can open a PPF account for a minor child with a 15-year maturity at 7.1% interest. The annual deposit limit of ₹1.5 lakh is shared with the parent's own PPF. Contributions are eligible for Section 80C deductions (old tax regime) and the child can take over at 18. Small monthly investments can grow significantly.
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₹3.18 Lakh From Just ₹1,000/Month: PPF For Minors
