Should I open PPF account in my name or my kid name. What is beneficial in long term or any other impact.
Should I open PPF account in my name or my kid name. What is beneficial in long term or any other impact.
There is no such great benefits. Because when it comes to taxation, both accounts treated as same for YOU. Also, no additional benefits in investing either in your name or kids name. Hence, invest in your name or kid’s name.