Yes, the PPF account can be attached by the Income Tax and Estate Duty authorities. The PPF Act only gives the account holder immunity against attachment under a decree / order of a court of law. That means PPF cannot be attached by any court.

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Here the claim can be made for the FY 2017-18. Earlier it was possible to claim as per the cheque deposited date but from March 29, 2010 the rules has been changed.Now the date of realisation of cheque/draft will be deemed as the date of deposit of PPF.

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If an investor fails to deposit the minimum account of Rs. 500/- in any financial year, the account will be treated as discontinued.

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The investor may revive the discontinued account by payment of Rs. 50/- for each year of default along witharrear subscription of Rs. 500/- for each year.

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In case of death of guardian, the account of minor remains operative and a new account need not be opened. The surviving natural guardian or a guardian appointed by a competent court may continue the account of minor after producing the necessary guardianship certificate.

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No, the guardian is not entitled to the payment of the balance. The balance in such cases is payable to the legal heirs of the minor in accordance with Section 8 of Public Provident Fund Act and para 12(6)(ii) of the Public Provident Fund Scheme.

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The account will automatically get extended for a block period of 5 years without fresh deposits. The invesor will continue to earn interest.

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The balance in the account will keep earning the applicable interest rate and any amount of withdrawal can be made during the extended period. However, only one withdrawal will be allowed in each financial year during the extended period. Once the account is continued without deposits, for more than a year, the subscriber cannot opt again to continue the account with deposits for a block period of 5 years.

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The investor can withdraw upto 60% of the balance at the commencement of the extension period. This rule applies to next block of 5 years extension as well.

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Yes.

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A PPF account can be opened by resident individuals and individuals on behalf of minors.

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