Can i open 2 accounts in PPF on in my own name and second as a guradian of my child and deposit 2 lakhs . I will take exemption of 1 lakhs but i hope this 2 lakhs will carry an interest 8.8 % or only i can deposit 1 lakhs jointly in both accounts.
Secondly i want to know this 1 lakh limit is for interest income or i can deposit more than 1 lakh and intestest will be given for 1 lakh only just for clarification
CAclubindia
