Understanding EPF Withdrawals: Which Bank Account Can I Use for My PF?

Hello Sir, I want to know which bank account is eligible for withdrawing my own PF amount from the EPF office.

Regards, Manikandan T.P.

There are no restrictions on banks regarding EPF. Accounts in scheduled banks, including cooperative banks, will suffice for PF withdrawal. However, for the Employees' Pension Scheme, there are designated banks that vary from region to region.

Regards,
Abbas.P.S

For availing pension, State Bank of India and Indian Bank are a few nationalized banks recommended by EPF authorities.

Regards,
Udayakumar G
[Phone Number Removed For Privacy Reasons]

Dear Manikandan,
The annexure to Form 19 (EPF) and Form 10C or 10D (EPS) states the list of banks. The PRO of your EPF office will also be able to provide you with information. However, it is generally advisable to open a fresh bank account without any joint account for the purpose of the Pension scheme.

Regards,
M.V. KANNAN

You must have an individual savings bank account (must not be a joint account) with any nationalized bank. For monthly pension, you should consult the concerned PRO to avoid inconvenience. You can get the phone numbers of PROs from the EPFO website.

Hope this information helps.

Thanks and regards,
Vijay Dubey

Andhra Bank can also be considered. I would like to know the reasons for the non-consideration of a joint account.

The designated banks are applicable only in the case of EPS. Regarding EPF, there are no such restrictions.

Regards,
Abbas.P.S

You need to have a savings account in your name from any bank in order to withdraw your PF. Just fill out Form 19 and Form 10C for the PF withdrawal with the required details, and you will receive two cheques for the Provident Fund and pension scheme credited to the specified bank account after a few months. Please take care when filling out the bank details.

Regards,
Nikita Agrawal

Dear All,

Is Sarva Haryana Gramin Bank account accepted by EPFO or not?

Surender Singh