Public Provident Fund Scheme

RBI has clarified on Public Provident Fund Scheme that


1) in case of deposit of cheques in the PPF a/c, the date of realization of the cheque will be henceforth treated as date of deposit, as against date of tender which was hitherto considered as date of deposit;

2) PPF account can be opened in the name of minor children by either father or mother (but not both);

copy of RBI circular can be found here