Provident Fund account bearing
No.10819169395 (hereafter referred to as "PPF Account") which was
opened and maintained by their father ... aforementioned circulars
and statutes, is that, in order to operate the PPF Account maintained with it,
the petitioners are necessarily required to obtain
paragraph-9 of PPF Scheme, 1968 (in short, "the scheme"), according to which, the PPF accounts opened on behalf of HUFs prior ... account i.e. 31.03.2011. That notification was displayed on the notice board of the branch premises for notice to all such account holders. The account
PPF scheme.
The Government of India issued notification in February 2005,
amending the PPF Rules regarding closure and non-extension of
existing PPF (HUF) accounts ... PPF scheme. The Government of India issued
notification in February 2005 amending the PPF Rules regarding
closure and non-extension of existing PPF (HUF) account
excess amount deposited by respondent/complainant in his
Public Provident Fund (PPF) account from the date/s of deposit till the date of
payment ... Bank Branch had denied him interest on his
deposits in his PPF account in excess of Rs.60,000/- in one financial year (the
excess
PPF Act " for short] to contend that the
amount outstanding in the petitioner's PPF account cannot be attached for
recovery ... PPF Act, 1968 seen in light of
the PPF Scheme would demonstrate that the withdrawals and loans against the
amount lying in the account
Resident
Ordinary Savings Account (NRO Savings Account) at the NRI Division of
the respondent bank. He was making deposits into his PPF Account either ... matter with the PPF Section of the
respondent bank. He was informed by the respondent bank that the
extension of PPF Account of the petitioner
PPF Account in one financial year would apply to the account and therefore, two individuals having a joint account cannot deposit ... made to the PPF account as per the rate of interest available to the other account holders in the PPF scheme.
9. In view
based
on a source complaint. CBI froze savings bank accounts, PPF accounts and seized
insurance policies of Sri Rajendra Singh Parihar, Smt. Seema Parihar ... aforesaid offence beyond reasonable doubt.
CBI continued to keep bank accounts, PPF accounts, insurance policies,
property deeds frozen & seized till date. Shri Rajendra Singh
petitioner
opened a Public Provident Fund Account (Account no. 16627,
subsequently renumbered as Account no.1146651453 - hereafter
W.P.(C) 27/2019 Page ... this
account. The interest amount of Rs. 655934/- after
maturity of the account is credited wrongly in account
hence is not payable.
5. In view
Union of India, the
PPF Scheme was launched in 1968 and initially NRIs were allowed to open
the PPF account. However, pursuant to Gazette Notification ... open
a PPF account. In 2007 when his account matured, the Bank had wrongly
and contrary to the PPF Scheme extended the period
