Can someone confirm whether we can give the canceled check of my existing organization's salary account or the previous organization's salary account? I heard that we should not give the canceled check of any salary account. Please suggest to me in this regard.
Regards,
Srikanth
From India, Bangalore
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Regards,
Srikanth
From India, Bangalore
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Salary Account Canceled Cheque for PF Withdrawal
Your query in short is whether you can give a salary account canceled cheque for PF withdrawal.
Answer: Your salary account in any organization automatically gets converted to a savings account once you resign from the job. Therefore, when you provide a canceled cheque from your salary account, you need to maintain a minimum balance in your account until the withdrawal of the PF amount, so that the banking authority won't deduct any applicable charges.
Non-maintenance of a minimum balance in your salary account may lead to deductions.
From India, Mumbai
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2Your query in short is whether you can give a salary account canceled cheque for PF withdrawal.
Answer: Your salary account in any organization automatically gets converted to a savings account once you resign from the job. Therefore, when you provide a canceled cheque from your salary account, you need to maintain a minimum balance in your account until the withdrawal of the PF amount, so that the banking authority won't deduct any applicable charges.
Non-maintenance of a minimum balance in your salary account may lead to deductions.
From India, Mumbai
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Clarification on PF Withdrawal Form Submission
One more clarification: According to the PF rules and regulations, one cannot submit the salary account's cancelled cheque (existing) while submitting the PF withdrawal form. If this is done, there may be a possibility of the application being rejected. Is this correct?
From India, Bangalore
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One more clarification: According to the PF rules and regulations, one cannot submit the salary account's cancelled cheque (existing) while submitting the PF withdrawal form. If this is done, there may be a possibility of the application being rejected. Is this correct?
From India, Bangalore
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Early PF withdrawal won’t be easy.pdf
Steps to transfer PF amount.jpg