EPFO Tips: EPFO gives relief to crores of subscribers, now these documents will not have to be given for claim settlement..
EPFO has given relief to its crores of subscribers. In some cases, it will no longer be necessary for them to upload a photo of the canceled cheque or bank passbook for claim settlement. EPFO has said that exemption has been given from uploading the photo of the chequebook or bank passbook during the process of claim settlement only in cases where all other conditions are met. This will help in settling the claims filed online as quickly as possible. In most cases, claims are rejected if the image of the check leaf or attested bank passbook copy is not uploaded.
EPFO has given this information in a circular issued on May 28. This decision has been taken for the speedy settlement of claims filed online and to reduce the number of claims rejected due to non-uploading of the image of the check leaf / attested bank passbook. Approval has been taken from CPFC for this. However, this exemption has been given only in some cases of validation. That is, this exemption will be given only to those members whose other validations are complete. These include online verification of bank KYC by the concerned bank or NPCI, verification of bank KYC by the employer using DSC, and verification of seeded Aadhaar number by UIDAI.
This is how the officers will identify
In such cases, a message will appear at the end of the PDF related to the claim. It will be written that the bank has verified the bank KYC online and the employer has digitally signed it. Therefore, it is not mandatory to upload the image of the check leaf / attested bank passbook. For the convenience of the officers investigating such claims, the facility of quick color tag will be provided. This will help them avoid returning such cases. EPFO has more than six crore subscribers. A deduction of 12% is made on the basic salary of workers working in the private sector for the EPF account. Also, the company deposits the same amount in the PF account of the employee. Of the money deposited by the employer, 8.33% goes to EPS (Employees' Pension Scheme), while the remaining 3.67% goes to EPF.
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