Dear Shweta what you have shared right now is a VERY VERY USEFUL information. THANKS Such A Lot! Please do keep sharing such useful info even in the Future. Regards to All.
Mody harish M.
KGK Diamonds Group, Surat.
29th June 2012 From India, Surat
29th June 2012 From India, Delhi
I work for a bpo in gurgaon and i am the bank spoc we open bank accounts on the day of induction for the employee with the xyz bank.On evey induction there are a few employee who are not able to open the a/c for that we condct helpdesks and closed it.Please help me mentaining a process flow or format as in how can a keep of tracj of it as in which bank a/c is opened and how to coordinate with the bank .
6th July 2012 From India, Ghaziabad
An EPF account is in am employees name . Hence the bank account needs to be in his name or as mentioned joint account with spouse.Therefore the bank account in parents name will not be considered for EPF withdrawal.
Also the EPF checks the employee's full name in their Office and also against that of the bank. If there is a mismatch the withdrawal may be rejected.
e.g if in PF account your name is Ram Singh and in your bank account your name is Ram Kumar Singh. There are chances of your EPF withdrawal being rejected. In such cases you need to give a letter to EPF office that your complete is Ram Kumar Singh. Give your PAN card / Aadhar card in support of the same.
9th August 2017 From India, Mumbai
14th November 2018 From India, Mumbai