The Provident Fund (PF) is a federal matter in India, governed by the Employees' Provident Fund Organisation (EPFO). The EPFO has jurisdiction all over India and is not confined to the state boundaries. Therefore, the location of the PF deposit does not necessarily have to be in the same state as the company's location.
However, it's important to ensure that the PF deposits are being made in an authorized branch of the EPFO. You can verify this by checking the details on the official EPFO website
https://www.epfindia.gov.in.
If your company is depositing the PF in an authorized branch, irrespective of the state, it is in compliance with the PF Act. However, if you still have doubts or concerns, you should consult with a labor law expert or the local EPFO office for clarification.