PPF is popular, long-term and tax-efficient, but the government is very clear about how many accounts one person can legally ...
While you cannot hold more than one PPF account in your own name, you are allowed to open a separate PPF account for a minor child as a guardian.
Individuals can invest a minimum of ₹500 and a maximum of ₹1.5 lakh per year for 15 years in their PPF accounts. This amount is locked in for 15 years, after which you can get your investment back ...