Can PF Amount Be Deposited into a Post Office Savings Account? Seeking Guidance from HR Experts

Respected Seniors, I am working in the garment industry as an HR Executive. I am new in this field. Please solve my query. If someone has a savings account in the post office, can he get his PF amount in his post office savings account?

Thanking you

Yes, if you go for a withdrawal, you can get your PF amount in your existing post office savings account.

Regards,
Vijay Kumar

Dear All,

A PF account with the EPFO carries with it other related benefits such as the Pension Scheme, Employees' Deposit Linked Insurance benefit, etc. These are related to each other. Pension is admissible to a member of the PF after his retirement or to the nominees after his death. So, a PF account has no substitute.

Thanks & regards,

Understanding Different Types of PF Accounts

You are confused with two types of PF accounts.

1. Employees' Provident Fund is a social security benefit that is deducted from your salary by the employer and credited to the PF authorities along with the company contribution. This can be settled after retirement or resignation if you are not joining any company further. If you join another company, the amount will be transferred to the new company account.

2. PPF - Public Provident Fund - This can be opened in the State Bank of India by you personally, and you can deposit the amount from your own savings.

Therefore, the PF amount from your salary cannot be remitted to any post office account or your bank account.

Please forgive me for saying this, but everyone seems to be in a hurry to give answers or suggestions without understanding the actual issue. Sometimes, it's better to ask a counter-question to precisely understand what help the member (in this case, Ranvijay) is seeking. This will bring clarity to the issue for both the information seeker and the contributor.

Thanks

You can withdraw your PF either by having it directly credited to your savings bank account or by receiving a money order through the post office.

Hi, earlier, we used to receive the PF amount from the post office account. But now, I am certain that the accounts in the post office or the accounts of cooperative society banks are no longer considered.