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Can we use same cancelled cheque multiple times for pf withdrawal
Yes, you can use the same cancelled cheque multiple times for EPF withdrawal. A cancelled cheque is a cheque that has been paid by the bank and bears the notation “cancelled” across its face. It is no longer valid and cannot be used to withdraw money from your account. Therefore, there is no risk of someone using your cancelled cheque to withdraw money from your account.
When you withdraw money from your EPF account, you will need to provide a cancelled cheque to the EPFO. The EPFO will use this cheque to verify your bank account details. Once the verification is complete, the EPFO will transfer the money to your bank account.
You can use the same cancelled cheque for multiple EPF withdrawals. However, you need to make sure that the cheque is still valid. The cheque should not be more than 3 months old.
Here are the steps on how to use a cancelled cheque for EPF withdrawal:
- Log in to your EPFO account.
- Click on the “Withdrawal” tab.
- Select the “PF withdrawal” option.
- Enter the amount you want to withdraw.
- Upload a scanned copy of your cancelled cheque.
- Click on the “Submit” button.
The EPFO will process your withdrawal request and transfer the money to your bank account within 7 working days.