My Query is related to PF bank account.
I have been unemployed for 5 months now, My KYC and all other info is updated in PF portal.
My issue is
1. I don't own a bank account, as my Salary account is closed(Closed on my approval)
2. I have Requested for settlement form PF portal and have shared my Wife bank account details, So will this create a problem?
3.The current status says under progress.
So will the settlement happen to my wife account or do I have to open a new bank account on my name and Update the KYC and re-do the settlement process?
From India
I have been unemployed for 5 months now, My KYC and all other info is updated in PF portal.
My issue is
1. I don't own a bank account, as my Salary account is closed(Closed on my approval)
2. I have Requested for settlement form PF portal and have shared my Wife bank account details, So will this create a problem?
3.The current status says under progress.
So will the settlement happen to my wife account or do I have to open a new bank account on my name and Update the KYC and re-do the settlement process?
From India
For clearance it has to be your account only thus you need to open your new account and apply for withdrawal with the same details.
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Circular Dated 28-10-2016 for settlement of PF Death Case Claims within 7 days.pdf