Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

How many PPF Accounts can you hold?

Start PPF Accounts Online 

How many PPF accounts can you hold?

Each individual can only hold one PPF account and it cannot be held jointly, though nominations are allowed.

So a husband and wife cannot hold a joint account. Each can hold their own individual accounts and can nominate each other or their children.

Individuals are permitted to open a PPF account for their minor children.

However, the total contribution by any one single individual into any of these accounts cannot exceed Rs 1.50 lakh per financial year.

The total limit of investment in PPF for each financial year is Rs 1.5 lakh, irrespective of the number of accounts you deposit this money into.

So, if you wish to open a PPC account in your minor child's name, you will have to split this Rs 1,50,000 between your account and the account in your child's name.

If you have more than one child, you can open an account in each child's name. However, the overall investment limit would still remain Rs 1.5 lakh.

Also, only one of the spouses can open an account in the name of their child, so each child can have only one PPF account.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

0 comments:



Post a Comment


Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications