EPFO has started a new facility, money will come in the account as soon as you claim PF

EPFO new facility: According to the new round of EPFO, a new course of has been adopted for settling the claim. The requirement of importing a copy of passbook or cheque for on-line PF claim has been abolished.

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The Employees Provident Fund Organization (EPFO) has given a huge reduction to its members. EPFO ​​has abolished the requirement of importing a copy of passbook or cheque for on-line PF claim. This will velocity up the settlement of claims and the PF money will attain the financial institution account soon.

According to the new round of EPFO, a new course of has been adopted for settling the claim. Under this, in on-line claims the place financial institution KYC has been verified on-line by the financial institution and different verification paperwork have been digitally signed by the employer, it will not be essential to add a copy of the cheque or verified financial institution passbook. Currently, in most instances, claims are rejected if this isn’t finished.

Will be recognized by a particular color

The particular factor is that in the technique of settling the claim, the EPFO ​​officer will know from the coloration of the web site whether or not it’s necessary to add the photograph of the cheque or financial institution passbook in this case or not. For this, to determine the accounts already verified on-line, they will be coded in inexperienced coloration, in order that the officer can settle the claim shortly. If the account will not be verified then the code will be crimson. In such instances, a copy of the cheque or passbook may be requested for.

Exemption will be given in these instances

This exemption will be out there solely in instances the place the different verification paperwork of the EPFO ​​member are full. These embrace on-line verification of financial institution KYC by the involved financial institution or NPCI, verification of financial institution KYC by the employer utilizing DSC and Aadhaar quantity verified by UIDAI, and many others.

Information despatched to all regional places of work

EPFO has knowledgeable all its regional places of work in this regard. EPFO ​​has despatched a round via e mail. In such instances, a message will seem in the PDF file associated to the claim. It will be written that the financial institution has verified the KYC on-line and the employer has digitally signed. The facility of coloration coding will be started soon for the officers checking such claims. Till then they will should examine the file manually.

This is how the investigation will be finished

– Verification will be finished with the assist of on-line financial institution KYC.

-The employer will confirm the financial institution account particulars utilizing the Digital Signature Certificate.

– Then it will even be checked whether or not the claiming member is Aadhaar verified or not.

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