Why Cancelled Cheque is Required for PF Withdrawal?: A Ultimate Guide

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Why Cancelled Cheque is Required for PF Withdrawal?

Why Cancelled Cheque is Required for PF Withdrawal?– As per our readers’ demand and comments, we are publishing this article. If you want to know about Why Cancelled Cheque is Required for PF Withdrawal?, continue reading and learn more.

Why Cancelled Cheque is Required for PF Withdrawal?

A cancelled cheque is required for PF withdrawal to verify the bank account details of the EPF member. The cancelled cheque must have the following details:

Why Cancelled Cheque is Required for PF Withdrawal?
  • Name of the EPF member
  • Bank name
  • Account number
  • IFSC code

The EPFO uses these details to ensure that the PF amount is credited to the correct bank account.

Also Read: Cancelled Cheque Size for PF Withdrawal: A Ultimate Guide

In addition, a cancelled cheque also helps to prevent fraud. When a cheque is cancelled, it cannot be used to withdraw money from the bank account. This means that the EPFO can be sure that the PF amount will not be misused.

If you do not have a cancelled cheque, you can submit a bank passbook or a bank statement instead. However, the bank passbook or bank statement must have the same details as the cancelled cheque.

Also Read: EPFO Claim Cancelled Cheque: A Ultimate Guide

Here are the steps on how to write a cancelled cheque for PF withdrawal:

  1. Take a fresh cheque.
  2. Draw two parallel lines across the cheque.
  3. Write the word “CANCELLED” in block letters between the lines.
  4. Do not sign the cheque.

You can also get a cancelled cheque from your bank. Just ask your bank for a blank cheque and then write “CANCELLED” across it.

Also Read: Can we use same cancelled cheque multiple times for pf withdrawal: A Ultimate Guide

Importnat Link

Direct Link to Check Pf Balance CheckClick Here
Home PageClick Here

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