attachment of EPF & PPF
suresh jakhotiya
(Querist) 06 December 2009
This query is : Resolved
Dear Sirs
If the member dies then the EPF/PPF is not attachable from its nominee sec 10(2) of act.Then why should it be attachable if the member is alive & withdraws the EPF/PPF and is able to prove that this is from that a/c on his retirement after 60 years of age.
Pl. enlighten
Regards
A V Vishal
(Expert) 06 December 2009
The act is clear that the EPF/PPF A/c cannot be attached, once the money is withdrawn it loses its character and cannot be distinguished hence it can be attached, however, I have taken this stand on the query, opinions of other experts are solicited in the matter.
Raj Kumar Makkad
(Expert) 06 December 2009
I ratify the opinion of Vishal. The accumulations of EPF cannot be attached whether the subscriber is dead or alive but if one has withdrawn his amount then it has no connection with EPF and it can be snatched, lost, theft, attached.