I have read your above mentioned article on rediff.com homepage, in the most popular section. The point no. 5 second paragraph is mentioning "Let's say you open an account for your minor child. You can deposit Rs 70,000 in your account and Rs 70,000 in your child's account". But this is to bring to your information that it is against the rule of PPF. It is permissible that the amount deposited by you in your and yours minor childs account should not exceed the max. limit that is 70,000/-. Please correct the same.
