EPF CLAIM SETTLEMENT
![EPFO made these four major changes to the EPF account, claims process](https://img.etimg.com/thumb/msid-111081228,width-100,height-75,resizemode-4/wealth/save/epfo-made-these-four-major-changes-to-the-epf-account-claims-process.jpg)
EPFO made these four major changes to the EPF account, claims process
Recently, the Employees' Provident Fund Organisation (EPFO) has relaxed several regulations to make life easier for Employees' Provident Fund (EPF) members. While, it has also withdrawn one of the benefits offered before.
![EPFO undertakes multiple systemic reforms to enhance ease of doing business; improve ease of living](https://img.etimg.com/thumb/msid-110992235,width-100,height-75,resizemode-4/news/economy/policy/epfo-undertakes-multiple-systemic-reforms-to-enhance-ease-of-doing-business-improve-ease-of-living.jpg)
EPFO undertakes multiple systemic reforms to enhance ease of doing business; improve ease of living
EPFO rules: At a review meeting, chaired by labour secretary Sumita Dawra, EPFO said the number of auto transfers generated by the retirement fund body has increased threefold from two lakh in April 2024 to six lakh in May 2024 while more than 25 lakh advance claims have been settled on auto mode.
![EPF account withdrawal rule changed: EPFO discontinues Covid-19 advance facility](https://img.etimg.com/thumb/msid-110987761,width-100,height-75,resizemode-4/wealth/save/epf-account-withdrawal-rule-changed-epfo-discontinues-covid-19-advance-facility.jpg)
EPF account withdrawal rule changed: EPFO discontinues Covid-19 advance facility
During the Covid-19 pandemic, a non-refundable advance was provided to the EPF members during the outbreak of first wave of Covid-19 and another advance was also allowed in view of second wave
![New EPF account rules in May: EPFO made these four major changes to the EPF account, claims process in May 2024](https://img.etimg.com/thumb/msid-110696715,width-100,height-75,resizemode-4/wealth/save/new-epf-account-rules-in-may-epfo-made-these-four-major-changes-to-the-epf-account-claims-process-in-may-2024.jpg)
New EPF account rules in May: EPFO made these four major changes to the EPF account, claims process in May 2024
New EPF rules: The changes include an extended facility of auto-settlement, multi-location claim settlement, faster New rule for EPF death claim. Let us take a closer at each of these four changes.
![New EPF rules: EPFO relaxes mandatory uploading of cheque leaf image, attested bank passbook for these cases](https://img.etimg.com/thumb/msid-110526229,width-100,height-75,resizemode-4/wealth/save/epfo-relaxes-mandatory-uploading-cheque-leaf-image-attested-bank-passbook-on-certain-cases.jpg)
New EPF rules: EPFO relaxes mandatory uploading of cheque leaf image, attested bank passbook for these cases
EPFO eases the requirement to upload image of a cheque leaf and an attested bank passbook. This move will help to expedite the settlement of claims filed online and reduce the number of claims that are rejected
![New rule for EPF death claim: Now physical claims can be processed without seeding Aadhaar](https://img.etimg.com/thumb/msid-110225317,width-100,height-75,resizemode-4/wealth/save/epf-death-claim-now-physical-claims-can-be-processed-without-seeding-aadhaar.jpg)
New rule for EPF death claim: Now physical claims can be processed without seeding Aadhaar
EPF death claim: The EPFO stated that it has received specific references from field offices indicating that they are unable to seed and authenticate Aadhaar in cases of death of EPF members. Note that Aadhaar details cannot be updated or corrected after a member passes away, which presents challenges for the field offices.
- Go To Page 1
New EPF auto-settlement claim rules for medical, education, marriage, housing: How to use this facility, eligibility
EPF auto-settlement of withdrawal claims: The EPFO in a press release has announced extending the coverage of auto-settlement of withdrawal claims to marriage, housing and higher education. The auto-settlement claim was earlier available for specified medical illness only. Read on to know who can apply for these claims, documents required to apply and other details.
Faster EPF claim settlement: EPFO multi-location claim settlement to speed up member claims
Faster EPF claim settlement: By allowing for multi-location claim settlement, this feature will speed up member claims processing and replace the current geographical jurisdiction structure along with productivity in offices nationwide.
EPFO extends auto claim settlement facility to education, marriage and housing advance
As per the statement issued by the retirement fund body on Monday, the auto claim settlement facility will bring down the settlement time from 10 days to within three-four days. EPFO expects around 22.5 million of its subscribers to reap the benefits of this facility.
EPF withdrawal claim: How many days does it take to settle an EPF withdrawal claim?
Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties after submitting withdrawal requests from their EPF accounts. Some of them voiced concern, noting that there has been no news on the situation since making a withdrawal claim.
New EPF rule on auto withdrawal claims under 68J; check details
EPF withdrawals: The Employees' Provident Funds Organisation (EPFO) has increased the qualifying limit of Paragraph 68J claims for auto claims processing. EPF subscribers can apply for an advance under Paragraph 68-J of the EPF Scheme for their own and their dependents' medical expenses.
EPF claim rejections: 8 reasons your EPF withdrawal claim can get rejected, how to avoid it
EPF withdrawal: Here are some of the common reasons why your claim could be rejected and solutions to avoid the rejection.
How to avoid rejection of EPF withdrawal claim; Steps provident fund member should take
EPF Withdrawal claim rejection: Many individuals are struggling to get their EPF money at the time of withdrawal. The reason for rejection of their EPF claim is due to mismatch in the details available in the EPFO records as well as in the EPF account holders' PAN, Aadhaar or incomplete KYC records. Here is how the EPF claim rejection can be avoided.
"Anyay-kaal": Congress' Jairam Ramesh slams Centre over rise in rejected EPF final settlement
Jairam Ramesh, Congress General Secretary, criticized the Centre for a reported increase in rejection rates of Employees Provident Fund (EPF) final settlements, citing it as a manifestation of the "anyay kaal" (era of injustice) of the last decade. He highlighted rising rejection rates, reaching 34%, and attributed the issue to the mismanaged shift to an online claims processing system, causing stress for workers.
Latest EPFO rules: How to unblock inoperative EPF account, settle claims
The EPFO has especially outlined the procedural complications involved in UAN generation/linking, KYC seeding, blocking, unblocking, and paying claims for transaction-less accounts and inoperative Accounts. Let us take a look at what the EPFO SOP had to say about inoperative accounts.
EPFO restricts credits, deposits into EPF accounts linked with Paytm Payments Bank from this date
The EPFO advised all its Field Offices to refrain from accepting claims associated with bank accounts in Paytm Payment Bank Limited with effect from next month.
5 reasons for rejection of EPF withdrawal claim and how to avoid it
Withdrawals from EPF requested due to coronavirus-related financial emergency or for any other reason, can get rejected for various reasons such as incomplete KYC details, wrong bank account details etc. Given below are the five most common reasons why your claim can get rejected and what are the steps you should take to avoid it.
EPF withdrawal, transfer claim: How many days does it take to settle a claim or release EPF amount
EPF members can submit their withdrawal or transfer claims both online and offline. Individuals can check the progress of their EPF claims online regardless of how they submitted their application.
Odisha Train Accident: EPFO relaxes norms for EDLI, pension claim, suggests alternatives to death certificate
The competent authority has decided to relax the necessity of a death certificate for EDLI and pension claims relating to deceased members who lost their lives in the train accident in Odisha in order to lessen hardship for family members.
How to pick the right nominee for life insurance, bank account, PPF, EPF, mutual funds, stocks
While a nominee is only a custodian of your assets, choosing the right one can ensure that your legal heirs get their inheritance rightly and on time.
EPF member accounts of 98 pc contributory firms updated till March 6: Labour Ministry
"This (interest crediting) is an ongoing process, which has been taken up in a scheduled manner post development of software and by March 6, 2023, the process has been completed in respect of 98 per cent of contributory establishments," stated Minister of State for Labour and Employment Rameshwar Teli in a written reply to the Lok Sabha on Monday.
EPF withdrawal: How to withdraw from EPF corpus for repayment of home loan
Before retiring, you can also take money out of your EPF account for a variety of purposes. These include financing financial emergencies, a home purchase or construction, a child's wedding and education, and paying for these expenses.
How to file new nomination in EPF account online
Members of EPF can make changes to their existing EPF/EPS nominations by filing a new nomination. The new EPF/EPS nomination will take precedence over the previous one.
EPFO settles 56.79 lakh COVID-19 advance claims, releases over Rs 14,000 cr till December
When the coronavirus-induced lockdown was imposed in March, the central government had allowed over 6 crore subscribers of the Employees' Provident Fund Organisation's (EPFO) to withdraw an amount not exceeding their three months basic pay and dearness allowance from their EPF account, to support them during the nationwide lockdown.
EPFO settled close to 150 lakh claims during this fiscal, disbursing over Rs five lakh crore
As per the statement, EPFO has settled 47.58 lakh COVID-19 advance claims till October 31, 2020, disbursing an amount of Rs 12,220.26 crores to claimants while a total of 149.31 lakh final settlement have been made amounting of Rs 55,900.88 crores to PF members till October 21, 2020.
EPFO is settling coronavirus-related withdrawal claims in three days: Here's how
Artificial Intelligence is playing a major role in bringing down the withdrawal time from the usual requirement of 10 days.
EPFO launches multi location claims settlement facility
All types of online claims, i.e., provident fund, pension, partial withdrawal and claims and transfer claims can be processed under this novel initiative.
Load More