Legal Question in Banking Law in India
Sir,
can a draft amounting rs 15,50,000/- in favour of joga singh huf, after closure of ppf account be transfer in saving bank account of joga singh in individual capacity
Asked on 8/21/15, 7:44 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
22.08.2015
Dear Sir / Madam,
No, the draft in the name of Joga Singh HUF cannot be deposited in the individual Savings A/c of Joga Singh, since the two - Joga Singh HUF and Joga Singh are two different persons.
Regards,
Answered on 8/22/15, 3:17 am
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