Normally, the time limit for resolving the grievances of EPFO is 15 days. In a crucial moment, the EPF settles 1.37 Lakh EPF withdrawal claims to fight COVID19 in less than 10 days EPFO settles 1.37 Lakh EPF withdrawal claims to fight Covid-19 in less than 10 days Employees Provident Fund Organisation (EPFO), an statutory body under Union Ministry of Labour & … [Read more...]
EPFO beneficiaries to get payment through electronic or digital fund transfer system
EPFO beneficiaries to get payment through electronic or digital fund transfer system The Ministry of Labour & Employment vide notification dated 4th May 2017 has provided for electronic or digital fund transfer / payment of EPF benefits, pension disbursement and insurance claim. For this purpose, suitable amendments have been made in all the three social security schemes … [Read more...]
EPFO directed to settle Death Claims within 7 Days
EPFO directed to settle Death Claims within 7 Days The field offices of Employees’ Provident Fund Organization (EPFO) have been directed to settle claims in cases of deaths within seven days of receipt of such claims. As per paragraph 72(7) of the Employees’ Provident Funds (EPF) Scheme, 1952, the claim complete in all respects submitted along with the requisite documents … [Read more...]
EPFO to Address Career Progression of Over 20000 Officials
Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016 Software Module for Disbursal of Salaries to EPFO Launched EPFO’s highest decision making body, the Central Board of Trustees was there last evening . This was 212th meeting.The Union Minister for Labour and Employment and Chairman CBT, Mr Bandaru Dattatreya after the … [Read more...]
Provident Funds Entering Equity Market
Provident Funds Entering Equity Market The Employees’ Provident Fund Organisation (EPFO) has entered the equity market through investment in Exchange Traded Funds (ETFs). The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) has approved the proposal of investing in ETFs after considering the possible risk associated with the investments. The Government has … [Read more...]