PPF Account for Minors: Eligibility and Documents Required

Learn about the criteria of opening a PPF account for minors.
PPF for minors
4 mins
11 May 2024

PPF is a government-backed initiative. It provides a secure avenue for systematic savings among Indian residents. It also extends its reach to the younger generation, offering the option to open a PPF account for minors.

This article dives into the rules, eligibility, and practical aspects of opening and managing a PPF account for minors. It offers valuable insights to help parents in building a strong financial foundation for their children.

Pro tip

Enjoy higher interest rate with Bajaj Finance Digital FD. Unlock returns of up to 8.85% p.a. by investing for 42 months via our website and app.

What is the PPF scheme?

The Public Provident Fund (PPF) scheme is a government-backed long-term savings and investment initiative. It is designed to encourage systematic savings among individuals. Established by the Finance Ministry’s National Saving Institute, the scheme provides a secure and tax-efficient investment avenue for Indian residents.

What is a PPF Account for Minors?

A PPF (Public Provident Fund) account for minors is a savings scheme in which parents or guardians can open and operate an account on behalf of a minor. It helps in building a long-term savings corpus for the minor's future needs.
A PPF account for a minor can only be opened by their natural or legal guardian, and the scheme is available only for Indian citizens.

Minor PPF account rules and eligibility

  • Only Indian residents can apply and open Public Provident Fund accounts.
  • The account can only be opened by one of the guardians.
  • The person managing the account on behalf of the minor must be a natural or legal guardian.

How to open an PPF account for minors?

  1. PPF account for minors can be opened at any designated banks or post offices.
  2. Fill out the PPF account opening form with details of the minor and the guardian.
  3. Submit necessarily Know Your Customer (KYC) documents of both the minor and the guardian.
  4. Deposit the initial amount. Minimum deposit starts from Rs. 500 in a financial year and maximum deposit is Rs. 1.5 lakh in a FY.

Documents required to open a minor’s PPF account

The parents/guardian of the minor child should provide the following documents:

  • Details of the guardian and minor in the account opening form
  • KYC documents (Passport, Voter ID, Aadhar card, Driving license) of the guardian for opening account.
  • Guardians photograph.
  • Age proof (Aadhaar Card or birth certificate) of the minor child.
  • A cheque for initial contribution of Rs. 500 or more in the PPF account.

Things to be considered before opening the PPF account of a minor

  1. A PPF account for a minor can be opened with a minimum initial amount of Rs. 500, and the maximum one can deposit is Rs. 1.5 lakh in a year.
  2. If the invested amount is from the parent/guardian's income, it qualifies for tax benefits under Section 80C of the Income Tax Act.
  3. When the minor reaches 18, it is mandatory to apply for the account transfer from the guardian. The application, along with necessary documents, requires the signature of the individual (minor) who has reached the age of 18 and approval of the guardian who opened the account.
  4. Closure of the minor's PPF account is possible after 5 years, primarily for account holders’ medical needs.
  5. Premature closure is allowed for the minor's higher education expenses.


Opening a PPF account for minors presents a unique opportunity for parents to secure their children's future. Exploring the rules, eligibility, and key considerations outlined in this article helps parents to make sound financial decisions for their children's future.

Calculate your expected investment returns with the help of our investment calculators

Investment Calculator
SIP Calculator FD calculator SDP calculator Gratuity Calculator Lumpsum Calculator Step Up SIP Calculator

Frequently asked questions

What happens to the PPF account when a minor turns 18?

When a minor turns 18, the PPF account undergoes a change in status. The parent or guardian must file an application for this change, and thereafter, the account holder manages all subsequent activities.

What is the minimum age for opening a PPF account?

There is no minimum age for opening a PPF account; both adults & kids can open a PPF account. However, in the case of a child under the age of 18, accounts should be handled by his or her guardian until he/she turns 18.

What are the minimum and maximum amounts required to open a PPF account for a minor?

The minimum initial amount to open a PPF account for a minor is Rs. 500, and the maximum annual deposit allowed is Rs. 1.5 lakh per year.

Is there a particular age to start the PPF account?

There is no age limit even to open PF account. Even PPF can opened for minors which will be handled by his/her parents or legal guardian.

What is the minimum amount to open a PF account for a child?

The minimum amount to open a PF account for a child is Rs. 500.

What to do when the minor PF account holder turns 18?

When the minor account holder turns 18, parent or legal guardian need to submit the necessary documents with all the required signature and convert the PPF account into a regular one.

Can money be withdrawn from the PPF account for minors?

Withdrawals from a minor's PPF account are allowed after 7 years of account opening. The guardian must sign a declaration stating that the amount withdrawn is solely for the minors use.

What happens when more than Rs. 1.5 lakh are being deposited into a PF account?

If more than Rs. 1.5 lakh are deposited into a PF account, the excess amount won't earn any interest, and it doesn't contribute to tax benefits under Section 80C.

Show More Show Less

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more


As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.