Online provident store withdrawal can be a reality from May
Right now, the Employees' Provident Fund Organization (EPFO) gets near 1 crore applications physically for settlement of EPF withdrawal guarantee, annuity obsession among different solicitations.
Retirement finance body EPFO is relied upon to dispatch online office for settlement of cases, including EPF withdrawal and annuity obsession, by May this year to put a conclusion to repetitive printed material by its members.â Â
Presently, the Employees' Provident Fund Organization (EPFO) gets near 1 crore applications physically for settlement of EPF withdrawal assert, benefits obsession among different solicitations. Â
"The way toward associating all field workplaces with a focal server is going on. We may present the office for online accommodation of a wide range of uses and claims like EPF withdrawal and annuity settlement by May this year," EPFO's Central Provident Fund Commissioner VP Joy said.
HERE IS ALL YOU NEED TO KNOW:
All EPFO workplaces would be associated with a focal server in a few months taking after which the office of online accommodation of all kind of utilizations can be presented, said VP Joy.
EPFO has a goal-oriented arrangement to settle the cases inside couple of hours in the wake of recording of utilization. For example, it has arrangements to settle the EPF withdrawal guarantee inside three hours of recording of online application.
According to the plan, EPFO is required to settle all cases inside 20 days from recording of the application for settlement of benefits or provident store withdrawal. Under the pilot, the EPFO has officially associated its around 50 field workplaces with the focal server.
In a current audit meeting on digitisation in the EPFO, the field arrangements and data administrations wing has been made a request to connection every one of the 123 workplaces with the focal server so endorsers can be given administrations on the web.
EPFO has made it required for all supporters and retired people to present their Aadhaar number. This will help connecting EPF account, annuity account, financial balance and Aadhaar number which would inevitably encourage giving a large group of online offices to supporters, for example, online withdrawal and obsession of benefits.
The retirement finance expert has as of late broadened the due date for submitting Aadhaar for its endorsers and beneficiaries till March 31, 2017. Seeding of Aadhaar number with the EPF, annuity and financial balances is required for settling claims online to diminish open interface for getting more straightforwardness.
Right now, the Employees' Provident Fund Organization (EPFO) gets near 1 crore applications physically for settlement of EPF withdrawal guarantee, annuity obsession among different solicitations.
Retirement finance body EPFO is relied upon to dispatch online office for settlement of cases, including EPF withdrawal and annuity obsession, by May this year to put a conclusion to repetitive printed material by its members.â Â
Presently, the Employees' Provident Fund Organization (EPFO) gets near 1 crore applications physically for settlement of EPF withdrawal assert, benefits obsession among different solicitations. Â
"The way toward associating all field workplaces with a focal server is going on. We may present the office for online accommodation of a wide range of uses and claims like EPF withdrawal and annuity settlement by May this year," EPFO's Central Provident Fund Commissioner VP Joy said.
HERE IS ALL YOU NEED TO KNOW:
All EPFO workplaces would be associated with a focal server in a few months taking after which the office of online accommodation of all kind of utilizations can be presented, said VP Joy.
EPFO has a goal-oriented arrangement to settle the cases inside couple of hours in the wake of recording of utilization. For example, it has arrangements to settle the EPF withdrawal guarantee inside three hours of recording of online application.
According to the plan, EPFO is required to settle all cases inside 20 days from recording of the application for settlement of benefits or provident store withdrawal. Under the pilot, the EPFO has officially associated its around 50 field workplaces with the focal server.
In a current audit meeting on digitisation in the EPFO, the field arrangements and data administrations wing has been made a request to connection every one of the 123 workplaces with the focal server so endorsers can be given administrations on the web.
EPFO has made it required for all supporters and retired people to present their Aadhaar number. This will help connecting EPF account, annuity account, financial balance and Aadhaar number which would inevitably encourage giving a large group of online offices to supporters, for example, online withdrawal and obsession of benefits.
The retirement finance expert has as of late broadened the due date for submitting Aadhaar for its endorsers and beneficiaries till March 31, 2017. Seeding of Aadhaar number with the EPF, annuity and financial balances is required for settling claims online to diminish open interface for getting more straightforwardness.