annonymous (na) 08 October 2012
Hi
A person whose ppf is matured in 2010 .
he did open a saving account and put all the maturity amount in that account .
money is remaining ideal in the saving account from 2 years ?
can this account freezed to recover debts ?(as it is clear that money in saving account is from withdrawl of ppf )
Thanks
Advocate Rohit (Advocate) 08 October 2012
if the bank account is non-operational for more than 1 year then it is deemed to be a non-operational. therefore, you need to write a letter to the bank manager asking to make the account operational so that you could operate the same.
You may call on the below mentioned number if required.
Regards,
Advocate Rohit Dalmia
9324538481
Mumbai
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