aparajita.mahapatra
I was working with Standard Chartered Bank. My bank account was with the same bank. when I left the company i did not serve the 3 months notice period. When the pf was calculated and deposited in my SCB account, they utilised the whole amount towards adjusting my entire full and final settlement. Is it the norm?
From India, Calcutta
deenuram
8

Dear Aparajita,
No one can use your PF money you served the notice period or not that is immaterial. what are all the deduction made during your tenure they would have deposited to PF authorities. when you resign from the company you can apply Form 19 & 10c to withdraw you PF amount with the interest. or you can transfer your amount to existing company

From India, Madras
najmuddeen poolakkalodi
19

This is not the norm .... They should have got permission from you before using your PF money for settlement of your not serving notice period.You can go to the authorities or labor court to take penal actions against them.But your not serving the notice period was not a good thing anyway.
From India, Thiruvananthapuram
Neer300182
67

Dear Aparajitha,

Greetings for the day :)

As per Law, Employer has no right to hold your PF payment against your Full & Final Settlement and also cant stop your PF legally.
Could you please breifly explain me the situation which you were facing so that i can help you accordingly

In case of clarification/ suggestion feel free to contact undersigned


From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.