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Released Date: 27th Feb, 2018

Central

PF Settlement And Claims Through Online Mode Now Made Mandatory For Certain Cases

As per circular dated 27th February 2018, the EPFO has directed that in case the amount of claim settlement is above Rupees Ten lakhs for PF claims and Rupees Five lakhs in respect of the EPS withdrawal claims, the claim form must be accepted through online mode only. The bank account of such PF members should have been seeded and verified in the system before settling such claims. Accordingly, all claims exceeding the above limits should not be accepted in the physical form. Hence the EPFO is pushing for ease of compliance digitally for all large settlements as mentioned above which will be error free and save time for the members

Effective Date: 27th Feb, 2018

Simpliance Technologies Pvt. Ltd.

No 6, AS Chambers, 2nd Floor,

6th Block, Koramangala

Bengaluru - 560095,

Karnataka,

INDIA

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