I want to know in whose favour the Cheque has to written in case of EPF. We generally write as SBI A/c. EPF. Is this is the correct Method? Pls. Reply
From India, Mumbai
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1From India, Mumbai
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Hi Write' SBI A/c EPF Organization' But now EPF can be deposited online. V K Gupta
From India, Panipat
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From India, Panipat
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Dear Bhavesh We need to submit the Challan in SBI bank because EPF have their Account in it. That’s why we have to prepare the Bank challan in favour EPF SBI A/c Regards
From India, Delhi
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From India, Delhi
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Dear Sudhir I think it should be in favour of "RPFC SBI A/c " Regards Dinesh
From India, New Delhi
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From India, New Delhi
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Dear All,
It should be in favor of "SBI ON A/C OF EPF (CODE NO___________)." Adding a code number is optional. If you choose to add it, suppose the cheque leaf gets separated from the challan while handling; it can be attached to it at the time of the bank's entry.
S. Sethupathy
Excellent HR Services
Erode
From India, Coimbatore
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It should be in favor of "SBI ON A/C OF EPF (CODE NO___________)." Adding a code number is optional. If you choose to add it, suppose the cheque leaf gets separated from the challan while handling; it can be attached to it at the time of the bank's entry.
S. Sethupathy
Excellent HR Services
Erode
From India, Coimbatore
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EPF Challan - Format.xls
One emp one EPF Account.docx
Ordinance of Maharashtra Govt for Cheque Payment or Account Transfer of Bonus.pdf