Daughter sues father for withdrawing money from her PPF account, Delhi High Court orders return of entire corpus
New Delhi, Aug. 10 -- Can a parent legally withdraw money from their child's Public Provident Fund (PPF) account? An incident involving a legal conflict between a father and daughter over ownership of the PPF account has recently put the focus on parental financial boundaries. The daughter successfully sued her father for deliberately withdrawing all funds from her PPF account and claimed that he attempted to create financial strain on her mother.
The father, identified as Sudhir Kawatra, had opened a PPF account in 1999 for his daughter Shamli Kawatra. However, Sudhir Kawatra withdrew the entire corpus of over Rs.8 lakh in 2016 and closed the account before Shamli could claim funds on maturity. When Shamli approached the bank on PPF mat...
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इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.