EPF claims will be settled within Hours
Settle your EPF claims within hours
Withdrawal from EPF account will be going to become very simple and easy. One need not wait days and months to get claim their withdrawal amount. In near future, The EPF subscribers will get their withdrawal amount credited to their bank account within hours. For this sake, The EPF organization is going to start online application process. The facility is expected to be available from May-2017. Once, the facility is provided , The EPFO members can claim PF Pension, group insurance facilities online. The process of integrating regional EPF servers with central server is going on. Under pilot project 50 field office servers were integrated with the central server.
At present EPFO offices are receiving approximately 1crore applications towards PF pension and group insurance. Once, the application is process made online, the claims will be settled faster. Online facility will reduce the work burden on EPF employees to a great extent as the work of the staff will be simplified.
The EPFO target is to settle the claim of a member within 3 hours of applying for the same online. At present (in absence of online application system), Settlement of claim is taking approximately 20 days time from the date of submission of application.
Prerequisites For availing online facility the EPF member
1) Adhaar number of the Must be linked to EPF Account Number of the EPF member
2) Adhaar number of the Must be linked to Bank Account Number of the EPF member
In the past The EPFO already urged the members to submit Adhaar Number and Bank Account Number.
Hence, in order to avail this facility, one should link his Adhaar Number and Bank Account
God is always great
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