PF Settlement - I don't own a bank account, as my Salary account is closed - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
My Query is related to PF bank account.
I have been unemployed for 5 months now, My KYC and all other info is updated in PF portal.
My issue is
1. I don't own a bank account, as my Salary account is closed(Closed on my approval)
2. I have Requested for settlement form PF portal and have shared my Wife bank account details, So will this create a problem?
3.The current status says under progress.
So will the settlement happen to my wife account or do I have to open a new bank account on my name and Update the KYC and re-do the settlement process?

For clearance it has to be your account only thus you need to open your new account and apply for withdrawal with the same details.
No problem, you can attach your other or personal bank account statement and PAN and Aadhaar to HR while applying PF.
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™