EPFO Claims through e-payment


If you are waiting to see your PF Claim Status in your account now that you are retired from the service or changed the job, here is some good news for you. You no longer have to wait month’s long, get the cheque and then wait another week for it to be cleared. "EPFO has decided to process all the PF claims electronically using the vast network of NEFT enabled banks in India. E Payment will be made in 2 days from date of claim of PF. Employee provident fund Office; the firm that looks over the matters related to EPF has announced that it will now process all EPF claims through electronic transfers (e payment). From now on all you need to do to get your claim amount to your account with in 2 days is ‘mention a proper working bank account with IFSC code, if required, at the time of claim’.
EPFO has made arrangements with nearly 95 banks and around 67000 branches across the country with NEFT facilities to make this possible.

Earlier, the only way to track the EPF Balance was to use the claim number and check it with the EPF India Website. Note that this only shows result if you have submitted all valid claim documents.

Alternatively, click here to check your EPF Balance Online.

In case of Public Provident fund that are opened or transferred to SBI, you can view your contribution/balance by just logging into your State Bank of India online banking account (Internet Banking).

1 comments:

Provident Fund Status said... Provident Fund Status[Reply to comment]Provident Fund Status

Employees' Provident Fund Organisation (EPFO) has decided to utilise electronic transfers for disbursing Provident Fund benefits.

Though it is already available, this facility has been made compulsory. From December 1, the PF benefits would be paid through the National Electronic Fund Transfer (NEFT)/Real Time Gross Settlement (RTGS)/Core Banking Solution (CBS).

In a statement, Regional PF Commissioner I, Madurai Region, V. Vijayakumar, said that this initiative would save members the cost of collection charges levied by banks and facilitate immediate crediting of PF benefits to the members' account.

PF benefits upto Rs. 1 lakh with pension benefits, including withdrawal options upto Rs. 50,000, would be paid either through cheque or electronic mode. Any payment beyond these limits would be transferred only electronically. The EPFO has requested all the employers and employees to take note of these changes and ensure bank accounts were opened only in branches having NEFT, RTGH or CBS. Further, employers and employees have also been requested to enclose a photocopy of the first page of the bank pass book to ensure the bank account numbers were entered accurately in the system.

For more details, contact 0452 253 0310.

Post a Comment

Related Posts Plugin for WordPress, Blogger...

If you want to ask any Question, you may want to subscribe to our RSS feed or email updates. | Thanks for visiting!

 
x

Get Provident Fund Status Posts Via Email - It's Free

Email rss