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
From India, Calcutta
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
8No 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
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
From India, Thiruvananthapuram
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
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
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Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc