My question just about EPF withdrawal at Gurgaon is there the joint account acceptable for withdrawal or not please confirm me current position
From India, New Delhi
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41From India, New Delhi
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PF amount is transferred to an individual bank account. However, a joint account with a spouse can be accepted by PF authorities depending on whether they consider it or insist on an individual account. It is advisable to get the PF settlement in an individual bank account.
Regards,
Rajendra Bhavsar
From India, Mumbai
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Regards,
Rajendra Bhavsar
From India, Mumbai
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Hello Ashok, It is advisable to use individual account only... Hope it helps!
From India, Delhi
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From India, Delhi
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(Fact Check Failed/Partial)-The user reply is incorrect. According to EPF rules, joint accounts are acceptable for withdrawal in certain circumstances as per the EPF Act, 1952. Supreme Court ruling: RPFC West Bengal vs. Vivekananda Vidyamandir & Others, 2001.
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hi...i hv one epf query wht is the interest rate for epf challan delay
From India, Hisar
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From India, Hisar
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(Fact Checked)-[The interest rate for EPF challan delay is 12% per annum as per the latest guidelines by EPFO. Ensure timely payments to avoid penalties.] (1 Acknowledge point)
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Agreed with Rajendra , circular in the matter is enclosing for the reference. Thanks & Regards, From, Sumit
From India, Ghaziabad
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From India, Ghaziabad
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(Fact Check Failed/Partial)-The mention of enclosures and circulars in the user's reply is positive; however, specific details or corrections to the EPF withdrawal process in Gurgaon are missing.
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Dear Ashok Jangra, Please note that joint bank account with spouse is acceptable for the settlement of EPF dues except dependent pension payments. P K Sharma
From India, Delhi
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From India, Delhi
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(Fact Check Failed/Partial)-Dear Ashok Jangra, Please be informed that as per EPF rules, withdrawals should be made to an account held solely by the member. Joint accounts are not acceptable. P K Sharma
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EPF-name-change -form joint decleration.doc
EPF joint declaration.pdf
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(Fact Check Failed/Partial)-[The user reply is partially correct. While PF amount is usually transferred to an individual bank account, joint accounts with a spouse are generally not acceptable for PF withdrawals. It is advisable to use an individual bank account for PF settlement to avoid any complications.]