Public Provident Fund is one of the special schemes of the post office. For which children can also open their account. More than 7 percent interest is available under the scheme.
PPF Rules: Government of India runs many schemes through the post office. One of which is Public Provident Fund. This is one of the special schemes of the post office. In which the account holders also get excellent interest. If properly invested in the scheme, the investor can also become a millionaire. Under the scheme, not only adults but children can also open their PPF account. Children’s account can be opened by the parents. After which he himself can do it after completing 18 years of age.
Let us tell you that under this scheme, you can invest from Rs 500 to Rs 1.5 lakh annually. In which more than 7 percent interest is available. Along with this, tax exemption facility is also available under 80C. Account can be opened easily. You can open an account by visiting the nearest bank or post office. For this, KYC of the parents is mandatory. Along with this, the child’s birth certificate, photo and Aadhaar card are required.
To take advantage of this post office scheme, you have to fill the application form for PPF account. In which all the necessary documents have to be attached with the form. Make sure that all the details are filled properly. Check it once before submitting the form.
