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Can I operate two PPF accounts?

You can only have one PPF account for yourself except if you want to open one as a guardian of your minor child


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A & B are husband & wife and have 2 minor children C & D. If A & B both have separate income, how many PPF accounts can be opened for all and what will be the maximum deposit per annum?
- Ajay

Both husband and wife can operate two separate PPF accounts. Each account has a limit of R1.5 lakh. Either of the two can open another PPF account as a guardian of their minor children.

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However, only one of the spouses can open an account in the name of each child. Also, the total amount that an individual can invest on his/her own name along with minor children all put together cannot exceed Rs1.5 lakh in a financial year.

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