Maintenance of accounts requires electronic deposit of provident fund contributions through authorised banking channels. The Commissioner is required to deposit employers' contributions into the Current Account of the Fund by electronic means, including internet banking or other permitted modes. The deposit may be made with the Reserve Bank, the State Bank of India, any other nationalised bank, the PayGov platform, or scheduled banks in India, including private sector banks. The provision concerns maintenance of accounts and identifies the authorised banking channels through which contributions are to be credited to the Fund.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Maintenance of accounts requires electronic deposit of provident fund contributions through authorised banking channels.
The Commissioner is required to deposit employers' contributions into the Current Account of the Fund by electronic means, including internet banking or other permitted modes. The deposit may be made with the Reserve Bank, the State Bank of India, any other nationalised bank, the PayGov platform, or scheduled banks in India, including private sector banks. The provision concerns maintenance of accounts and identifies the authorised banking channels through which contributions are to be credited to the Fund.
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