Online settlement of EPF soon
Posted on: 20/Feb/2017 11:52:01 AM
The Employees` Provident Fund Organisation or EPFO will soon launch an online facility for settlement of claims, including EPF withdrawal and pension fixation. At present, retirement fund body EPFO receives close to 1 crore applications manually for settlement of EPF withdrawal claim, pension fixation or getting group insurance benefit by deceased persons.
Speaking about this, a senior EPFO official said, The process of connecting all field offices with a central server is going on. We may introduce the facility for online submission of all types of applications and claims like EPF withdrawal and pension settlement by May this year. All EPFO offices would be connected to central server in a couple of months following which the facility of online submission of all sorts of applications can be introduced.
EPFO has made it mandatory for all subscribers as well as pensioners to submit their Aadhaar number. This will help linking EPF account, pension account, bank account and Aadhaar number which would eventually facilitate providing a host of online facilities to subscribers like online withdrawal and fixation of pension.
