Can a company hold the provident fund of an employee?
My father was worked in co-operative bank in Tamil Nadu and deceased during his service period. the bank is holding his pf amount for last five years, because of some loan he has sanctioned as supervisor is having issues. How can i approach here? is the bank having rights to hold the pf money?
Am tired of asking their reasons .. :'(
Asked 5 years ago in Labour from chennai, Tamil Nadu
Thanks all for your answers.
Did the bank had served your father a notice when he was in service? Did the bank conducted any inquiry proceedings regarding the loan sanctioned by your father while working as a supervisor.?
Answer : No, they raised this issue, when we started the asking his benefit.
Was your father held guilty?
Answer : Initially they were pointed the secretary for this.But now they are pulling in my father also in this.
If i approach this legally, approximately how long it will take to complete this?
Asked 5 years ago