Post Office Can Forfeit Interest on Excess PPF Contribution Made by Guardian in Minors' Accounts Even After They Attain Majority: Kerala High Court

The Kerala High Court, in a significant ruling under the Public Provident Fund Scheme, 1968, has held that the post office is legally entitled to forfeit interest accrued on contributions made in excess of permissible limits to minor’s PPF accounts. The judgment was passed by a Division Bench comprising Justice Sushrut Arvind Dharmadhikari and Justice Syam Kumar V.M., in Writ Appeal No. 1636 of 2025. Mother operated multiple PPF accounts…