Public provident fund and martial case
friend
(Querist) 12 April 2013
This query is : Resolved
I request all the knowledgeable people to shed light on this.I have a PPF account of 2 years old .How is it treated in a marital (divorce) dispute at any stage.we are living apart but so far their is no court cases.should i invest in PPF?
But as per the PPF Act The credit balance in PPF account is not subject to attachment under an order or decree of Court with respect of any debt or other liability. Please help.
Sudhir Kumar, Advocate
(Expert) 12 April 2013
you know the provision correctly.
you are not able to describe your problem so no further advise can be given to you.
prabhakar singh
(Expert) 12 April 2013
Yes!you are rightly aware about immunity it has against attachments.
Raj Kumar Makkad
(Expert) 12 April 2013
Go ahead as per your requirement without thinking much on such matters.
ajay sethi
(Expert) 12 April 2013
agree with experts .
friend
(Querist) 14 April 2013
Thank you every one for their views.
the problem is i married 2 years ago and she left the house after 2 months, and refused to come back.till now their are no cases in the court.we are living apart.
my question is if she goes to the court how will my investment in PPF be treated for maintenance claim and if divorced then how will it be treated(will it be divided between the two,or will it remain untouched).
my friend said the amount can be drawn on court orders and divided between us,and can be done at any stage of the case.and after divorce the amount is shared between the two.
Please kindly give your views.
the confusion started after his advice,am in a dilemma about investing in PPF.
Devajyoti Barman
(Expert) 14 April 2013
No it can not be attached as stated earlier.
However if you still have any doubt then invest it in some other funds which may be kept in secret from her.
Arun Kumar Bhagat
(Expert) 15 April 2013
No court will issue attachement order for PPF account. IT has got immunity.
