Question about Settlement Funds

[tan25]

I had a PPF in my name (for 15-16 years) that matured this year. I closed the PPF and the amount was deposited in my account. I transferred it to my parents' account as it was a significant amount. Can they transfer half the amount back to my account without raising any red flags? The amount is shown in my statement as credit and debit.

 

[mapleleaf987]

I had a PPF in my name (for 15-16 years) that matured this year. I closed the PPF and the amount was deposited in my account. I transferred it to my parents' account as it was a significant amount. Can they transfer half the amount back to my account without raising any red flags? The amount is shown in my statement as credit and debit.

no red flags. but best to include an LOE in your application detailing the same.