- Retirement fund body has reduced time for various claim settlements
- PF withdrawal, pension & insurance claims will now be settled in 10 days
- EPFO has launched an online claim settlement facility on May 1, 2017
Provident fund subscribers can complete the whole process online and members neither need to interact with the employer and nor with EPFO field office to submit the online claim, the retirement fund body said. The claim submitted by the member would flow in soft form to EPFO database where it will be processed and the member's bank account will be credited. Member is not required to give any supporting document while preferring online provident fund part withdrawal case.
Subscribers who have activated their UAN and seeded their KYC (Aadhaar) will be able to apply for provident fund final settlement (Form19), pension withdrawal benefit (Form10-C) and part withdrawal (Form31) from their UAN interface directly.
Members' bank account along with IFSC code should be seeded in EPFO database. Permanent Account Number (PAN) should also be seeded in EPFO database for PF final settlement claims in case his/her service is less than five years.