MATHI 05 December 2017
A Bank employee dismissed from Service. His Provident Fund amount is credited to his savings account but a hold is put on for the amount by the bank and after a week the amount is adjusted to his other loans. Is it legally correct? Can PF amount adjusted for other loans?
Kumar Doab (FIN) 05 December 2017
You may post/attach the PF rules applicable to establishment or post the link of PF rules.
Sudhir Kumar, Advocate (Advocate) 31 December 2017
when PF is credited to saving bank account it no more remains PF and no more remains protected from hold.
Kumar Doab (FIN) 03 January 2018
So far you have not posted on rules.
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