AskTheExpert

Transfer PPF account/Investments to your child’s name

Question: Hello, Recently I have earned an amount of Rs.80,000 through my travel abroad, sponsored by my company. I am also expecting a kid in the next few months. I would like to know how I can investment this money towards my kid? Thanks in Advance. 

                  
Answer: You may start-off by opening an investment account (in a bank) or PPF account in your name and transfer the same to your kid's name once he/she is born. Kindly
click here to check out our popular article on 'Strategies to build an education corpus for your child'.

           

Warm Regards,

Expert @ InvestmentYogi

Published Mar 30 2011




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