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.
From India, Surat
khafeemanDear Shweta, Thanks to sharing this new notification stating that Joint Bank account with Spouse name is acceptable for PF withdrawal. Please keep it up always.
From India, Delhi
Thanks for the valuable information.
The attached notification is only eligible for PF Settlement OR it should be eligible for monthly pension also.
Pls. Clarify and if any options is there please send the details.
From India, Madurai
g.anjanikumarHi Dear all, Can you plz share the Teacher salary break up in Andhra pradesh , ( Primary , Kinderstand and non teaching staff ) Thanks and Regards Anjani
bsrraoTO Very Good information, Keep posting Shweta , I appreciate your quote Bsrrao HR Manager IBPIL Group Hyd
From India, Delhi
yamini_gogiaHi I am new here
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 .
From India, Ghaziabad
I am very Thankful to you because In My company some employee asked me same question But I Was not sure that Joint Account is acceptable to PF or not Now I can answer with surety with right information.
From India, Pune
chatt_acDear Swetha, If an account is being maintained with the persons parents, is the bank account eligible to get the epf amount on maturity?
From India, Kolkata
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.
From India, Mumbai