PF settlement News
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The Minister Of State For Labour And Employment was sought details of the total number of applications received and processed successfully by the EPFO along with the amount of such withdrawals during the last ten years.
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Retirement fund body EPFO has relaxed the provision that requires furnishing of Universal Account Number (UAN) for settlement of claims like PF withdrawal for all those who left membership before January 1, 2014.
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Retirement fund body EPFO has done away with the mandatory requirement of affixing one rupee revenue stamp on PF withdrawal claim forms.
The timeline for settlement of Provident Fund, pension and insurance claims have revised from 30 days to 20 days. As a result, the claimants would now get speedier service in July.
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