PPF rules: Why Kerala HC asked a mother to return extra interest in kids’ accounts - Explained

The Kerala High Court has ruled that deposits in minor children's PPF accounts are combined with the guardian's account for annual deposit limits. Excess interest earned on these over-limit deposits made while the children were minors can be lawfully recovered by the Post Office, clarifying deposit clubbing rules.

PPF rules: Why Kerala HC asked a mother to return extra interest in kids’ accounts - Explained
The Kerala High Court has ruled that deposits in minor children's PPF accounts are combined with the guardian's account for annual deposit limits. Excess interest earned on these over-limit deposits made while the children were minors can be lawfully recovered by the Post Office, clarifying deposit clubbing rules.