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r n sawarkar (cm)     27 June 2012

Appropriation of pf contribution

My VRS was accepted and I was relived from the bank in December 2011.I was occupying banks quarter. Nothing was informed to me to retain the flat for 2 months. But by way of back dated letter I was permitted two months time to rentain the flat. I was also informed that time My gratuity will also be held up for one CBI court case. At the time of my reliving I was informed that I will not get gratuity till the CBI court case is decided, and that my PF will be released once I vacate the banks flat. How and under what rules the bank can retain my PF and Pension. Is it not a criminal action on their part. How I should proceed in the matter. I have vacated the banks flat after a period of 3 months and 10 days. The bank has appropriated my pf contrbution being rent at commercial rate for 1 month and 10 days without informing me when I was in possession of the flat. There was no such rule to recover rent at commercial rent while I was in service.  My querry is how my PF contribution can be appropriated without any notice to me.  As far as I know, PF contribution of an employee can not be appropriated at any leve. Please guide me in the matter, as to how to proceed. 



 1 Replies

Kumar Doab (FIN)     27 June 2012

The bank may be having its own trust and rules e.g. like BOB. Kindly obtain and study.PF can not be attached.


Attached File : 262636616 bank of baroda provident fund rules.pdf downloaded: 140 times

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