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ranvijay781
3

Respected Seniors,
I am working in Garment industry as a HR Executive. I am new in this field.
Please solve my query. If some one has savings account in the post office so can he get his pf amount in his post office savings account.
Thanking you

From India, Ludhiana
Sharmila Das
990

Dear Mr. Ranvijay781,
Is it a PPF account that he opened? If the account that he maintains is a PPF account then one has voluntarily opened that account.
You cannot mix EPF with PPF. Therefore the employer will have to open a PF account and contribute the shares.

From India, Visakhapatnam
vijay_nainy19
7

Hi Ranvijay, Yes, if you go for withdrawal, you can get your PF amount in your existing post office savings account. Regards, Vijay Kumar
From India, Silvassa
Shyam Agrawal
22

Dear All,
A PF account with the EPFO carries with it other related benefits such as 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 PF account has no substitute. Thanks & regards,

From India, Pune
launchpad
44

You are confused with two types of PF Accounts.
1. Employees Provident Fund is a socila security benefit which 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 any other company the amount will be transferred to the new company account.
2. PPF - Public Provident Fund- This can be opened in state bank of india by you personally and deposit the amount from your own savings.
Therefore the pf amount from your salary cannot be remitted to any post office account or bank account of your own.

From India, Madras
mksharma63
34

Please forgive me for saying everyone is in hurry to give answer/ suggestions without understanding actual issue.
Sometimes its better to ask counter question to exactly understand what help member (in this case Ranvijay) is seeking. This will bring clarity on issue to both information seeker as well as contributor.
Thanks

From India, Delhi
koldam
You can withdraw your PF either direct credited to your saving Bank A/c or by receiving the Money order through post office.
From India, Mumbai
nand kumar
3

Jyoti, You are right , I am agree with you, previously p.f. office made the payment through Post Office now they are doing through bank only Regards, Nandkumar
From India, Pune
vanajaram
47

AFTER RESIGNATION OR LEAVING OF JOB FORM 10 A IS TO SUBMIT PF AUTHORITIES IN THE RESPECTED AREA THEN THE PF AMOUNT CREDIT IN THE EMPLOYEES ACCOUNT WILL BE SENT TO THE CONCERN BANK WHICH WAS GIVEN IN THE SAID FORM.
BUT CONTINUOUS FUND TRANSFER OR KEEPING THE MEMBERSHIP IN PF FOR 10 YEARS IN CASE OF PRIVATE EMPLOYEES WILL GET PENSION AS APPLICABLE.
HENCE DO NOT WITHDRAWAL OF PF AMOUNT IN THE MEANWHILE

From India, Visakhapatnam
kumarviju
4

Hi...... Earlier we use to get the Pf amount from the post office account . But now i am sure the account in post office or the account of co.operative socitey Banks are not considered.
From India, Bangalore
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