Good news for Employee’s provident fund (EPF) subscribers! You can now expect your claim within 20 days. The new online system has been launch for a smooth process in the new financial year.
EPFO will roll out an online process wherein retired employees will simply fill up a form and their retirement money will be transferred directly to their bank accounts.
“We may introduce the facility for online submission of all types of applications and claims like EPF withdrawal and pension settlement by May this year,” EPFO’s Central Provident Fund Commissioner V P Joy said.
Earlier, people have to wait for 4-5 months and we get lots of complaints. In addition, you have to pay Rs 10,000- 15,000 for speedy disbursal. Those days are going to be over soon.
The Employees’ Provident Fund Organisation has also launched a new system whereby you can submit your claims directly to the PF office without attestation of employers. This is crucial development as some employers are known to be harassing their staff in coughing up certain amount of money.
The retirement fund body is also linking Aadhar numbers of all pensioners/subscribers to their respective EPF numbers.
Partial withdrawal of PF fund — a common occurrence to meet family exigencies — has also become easier. From now on there is no need for PF subscribers to submit utilisation certificate. Also, for withdrawals for marriage, no documents including marriage cards are required.
“Submission of CCF (aadhar) and CCF (non-Aadhar) duly signed by the EPF subscriber shall be construed as ‘self-certification for the above partial withdrawals for which no documents would be required to be submitted to the EPFO offices,” a recent government order said.