PPF Account for Minor Child- Image Source: Shuttershock
A longer lock-in period of around 15 years allows parents to save money for their child till they become adults and use the money upon maturity for their education, marriage, etc.
Tax benefits under Section 80C can also be availed by parents
Post maturity if the account is extended the lock-in periods are shorter solving the liquidity issue
Your child can also withdraw money as per his/her requirement while continuing to earn interest on the balance.
