PROVIDENT FUND CONTRIBUTIONS CAN BE DEPOSITED IN ANY OF THE PRIVATE SECTOR BANKS
The Government of India has amended paragraph 38 of the Employees’ Provident Fund Scheme stating the ‘Mode of Payment of Contribution’.
Prior to June 2016 this paragraph was amended whereby in addition to State Bank of India other nationalised banks were included.
NOW by a Gazette of India Notification No. G.S.R.6(E) dated 4th January, 2017, paragraphs 38 and 48 of Employees’ Provident Fund Scheme have provided for remittances through All Scheduled Banks in India including Banks in Private Sector. The Gazette of India dated 4.1.2017 can be uploaded
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