Employees’ Provident Fund Organisation

(Ministry of Labour & Employment, Govt. Of India)

Bhavishya Nidhi Bhawan,14-Bhikaiji Cama Place, New Delhi-110066

 No.: WSU/17(2)/2000   –

To

Online GST Certification Course by TaxGuru & MSME- Click here to Join

All Regional P.F. Commissioners In-charge of the ROs/SROs

Dated: 15.06.2012

Subject: Payment of Provident Fund accumulation through Account Payee Cheque —Instructions regarding.

May kindly refer to the above subject. As per prevailing instructions, Provident Fund accumulations/withdrawal benefits are being credited only in the single bank account of the member.

In order to rationalize and simplify the process of settlement and also to curb the return/rejection ratio of the received claims, it is decided that henceforth amount of Provident Fund accumulation/ withdrawal benefit may also be credited in the joint bank account of the member, if member opts for the same. However, this is to clarify that the joint bank account shall be acceptable for the purpose only in case when the bank account is maintained with his/her spouse.

In view of above, it is directed that no claim should be returned/rejected due to the reason that member has preferred to claim his/her Provident Fund accumulations/ withdrawal benefit in his/her joint saving bank account maintained with his/her spouse.

Yours faithfully,

(Rajesh Bansal)

Financial Advisor & Chief Accounts Officer

More Under Corporate Law

Posted Under

Category : Corporate Law (3434)
Type : Featured (4133) Notifications (15267) Notifications/Circulars (30263)
Tags : EPF (239) government notification (366)

0 responses to “EPF balance can be credited in joint bank a/c maintained with spouse”

  1. Naynesh Patel says:

    joint bank account with brother valid or not for pf withdrawl

Leave a Reply

Your email address will not be published. Required fields are marked *