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Yes, you can invest in both NPS and PPF. But you can claim a total tax deduction of up to Rs 1.5 lakh a year for the cumulative investment in the two schemes. In addition, another deduction of up to Rs 50,000 can be claimed for the annual investment in NPS.
There is no specified PPF account age limit for opening and activating a PPF bank account. The adults, along with the children, are also eligible for having a PPF account. Nonetheless, when it comes to minors below the age of eighteen, the PPF account must be used by their parents until they reach the age of eighteen.