BusinessPhoto: News18Hi BusinessKarnataka HC Orders Interest on 12-Year PPF Deposits in HUF Account
The Karnataka High Court ruled that interest must be paid on Public Provident Fund (PPF) deposits held in a Hindu Undivided Family (HUF) account, after the post office refused interest on funds deposited for about 12 years citing rule violations. However, this ruling does not apply to all irregular PPF accounts, as interest eligibility depends on account status and regulations.
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