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Personal Finance News

Can I open PPF accounts for my spouse or children and still claim income tax benefits?

Upstox
By Upstox News Desk

2 min read | Updated on November 01, 2025, 09:32 IST

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SUMMARY

As per PPF rules, a guardian can open a PPF account on behalf of a minor. The maximum investment allowed under this scheme is ₹1.5 lakh.

PPF tax benefits

You can claim a deduction under Section 80C for the total amount deposited (up to ₹1.5 lakh) across all eligible PPF accounts. | Image: Shutterstock

Yes, you can open Public Provident Fund (PPF) accounts in the name of your spouse or minor children. However, each person can have only one PPF account.

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As per PPF rules, a guardian can open a PPF account on behalf of a minor. The maximum investment allowed under this scheme is ₹1.5 lakh. The PPF account can be opened in several banks and the post office. Investments made in PPF mature after 15 years.

There are some important rules regarding tax benefits and contribution limits.

PPF account investment limit

The combined investment limit under all PPF accounts (self + minor children) cannot exceed ₹1.5 lakh per financial year. So if you invest ₹1 lakh in your account and ₹50,000 in your child’s account, you can claim a deduction under the old income tax regime.

If you deposit ₹1 lakh in your own account and ₹80,000 in the child's account, the total contribution is ₹1.8lakh, but your maximum deduction is still limited to ₹1.5 lakh.

PPF account: Income tax benefits

You can claim a deduction under Section 80C for the total amount deposited (up to ₹1.5 lakh) across all eligible PPF accounts (self, or child).

Spouse's PPF account

Your spouse must open and operate the PPF account in their own name. You can deposit money into it. You cannot directly claim a deduction under Section 80C for the contribution you make to your spouse's PPF account.

The deduction must be claimed by the account holder. Therefore, your spouse can claim the deduction for the entire contribution (up to ₹1.5 lakh) under Section 80C in their income tax return, provided they have taxable income and have opted for the old tax regime.

PPF: Interest and maturity

The interest earned on all PPF accounts is tax-free, and the maturity amount is also exempt from tax.

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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