I had opened a PPF (public providend fund) account through a post office an year ago, through an agent.
I had deposited money in the account through cheque, via my agent. Also, i had once handed over my passbook to the agent so that he can get passbook entry for deposits made.
However, recently this thought has started coming to my mind.
Can the agent, since he knows my account number, issue a request for duplicate passbook (on the basis of giving false information regarding passbook loss), and hence after obtaining the passbook, withdraw money from my account (after lock-in period) ? I don't think post office ask for any verification like original PAN card/driving license to people looking for issuing of lost pasbook, they just want a form to be filled. And at withdrawal time, they just need the passbook !
I had deposited money in the account through cheque, via my agent. Also, i had once handed over my passbook to the agent so that he can get passbook entry for deposits made.
However, recently this thought has started coming to my mind.
Can the agent, since he knows my account number, issue a request for duplicate passbook (on the basis of giving false information regarding passbook loss), and hence after obtaining the passbook, withdraw money from my account (after lock-in period) ? I don't think post office ask for any verification like original PAN card/driving license to people looking for issuing of lost pasbook, they just want a form to be filled. And at withdrawal time, they just need the passbook !