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Do minors have a separate limit of investment or is it clubbed in guardian's limit in a post office monthly income scheme (POMIS) account?

Minors do have a separate limit of investment of Rs. 3 lakh, not clubbed with the limit of guardian.

10 Dec 2008

Minors do have a separate limit of investment of Rs. 3 lakh, not clubbed with the limit of guardian. A separate account is opened for each deposit. Any number of accounts can be opened subject to the maximum prescribed limit.



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