-
Oct 22, 2014
-
Foreign Employees to Get PF Money in Their Own Countries
The Employees' Provident Fund Organisation (EPFO) has started a new facility to transfer provident funds of foreign employees to bank accounts in their own countries.The facility will help international workers to avoid opening of bank accounts in India for settling their PF claims with EPFO, a senior official told PTI.As of now, foreign employees applying for withdrawal of provident funds (PF) are required to open bank accounts in India. After settlement of claims, they transfer their money from India to bank accounts in their own countries - a cumbersome and time-consuming exercise.
Source -
http://profit.ndtv.com
|