📷 Image: Wikimedia Commons / Kamlesh.legalaid
Business
Delhi HC Rules Parents Cannot Withdraw from Child's PPF Account
✍️ Business Standard
🗓 12 Aug 2026, 10:48 AM
👁 27
The Delhi High Court clarified that parents are not permitted to withdraw funds from a child's Public Provident Fund account.
The Delhi High Court addressed a petition questioning whether a parent can withdraw money from a child’s Public Provident Fund (PPF) account.
In its ruling, the court held that the PPF account is in the child’s name and the account holder’s rights are limited to the child. A parent does not have the authority to access or withdraw funds from the account.
The decision underscores the legal ownership of the account and the requirement that the account holder be of legal age to make withdrawals. It clarifies that any withdrawal must be made by the child or with the child’s consent once they reach maturity.
This judgment is expected to serve as a precedent for future disputes involving child savings accounts and parental access rights.
In its ruling, the court held that the PPF account is in the child’s name and the account holder’s rights are limited to the child. A parent does not have the authority to access or withdraw funds from the account.
The decision underscores the legal ownership of the account and the requirement that the account holder be of legal age to make withdrawals. It clarifies that any withdrawal must be made by the child or with the child’s consent once they reach maturity.
This judgment is expected to serve as a precedent for future disputes involving child savings accounts and parental access rights.