Clubbing PPF account of self and minor children for application of prescribed limit unjustified

Fareeda Sukha Rafiq Vs Union of India (Kerala High Court) Kerala High Court held that forfeiture of interest amount by clubbing deposits in PPF accounts of self and minor children unjustified. Also, held restrictive interpretation adopted to the application of the limit prescribed with reference to yearly deposits by clubbing accounts is incorrect. Facts- The 3rd petitioner is the mother of the 1st and 2nd petitioners. The dispute in this writ petition is with regard to the interest accrued in three separate PPF accounts opened with the 2nd respondent herein by the petitioners. Notably, the 3r...