BusinessPhoto: News18 BusinessKarnataka HC Rules in Favor of PPF Account Holder Denied Interest
The Karnataka High Court ruled in favor of a Bengaluru investor whose Public Provident Fund (PPF) account was declared irregular after 12 years of accepted deposits, resulting in denied interest payments. The account was opened under a Hindu Undivided Family name in 2009, despite a 2005 ban on new HUF PPF accounts. The court cited administrative oversight by postal authorities in accepting deposits without objection.
News18 Business··Bengaluru

