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annonymous (na)     08 October 2012

Amount recieved from ppf

Hi

A person  whose ppf is matured in 2010   .

he did open  a saving account and put all the maturity  amount in that account .

money is remaining ideal  in the saving account from 2 years  ?

can this account freezed  to recover  debts ?(as it is clear  that money in saving account is  from withdrawl of ppf )

Thanks



Learning

 1 Replies

Advocate Rohit (Advocate)     08 October 2012

if the bank account is non-operational for more than 1 year then it is deemed to be a non-operational. therefore, you need to write a letter to the bank manager asking to make the account operational so that you could operate the same.

 

You may call on the below mentioned number if required.

Regards,

Advocate Rohit Dalmia

9324538481

Mumbai


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