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EPFO Update: There has been a big change in the rules of EPFO, it will be easy to withdraw money and these facilities will also be available..

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In some cases, the Employee Provident Fund Organization (EPFO) has simplified the rules for settling claims. According to the EPFO ​​​​circular, EPFO ​​​​members will not need to provide the image of a certified bank (EPFO ​​claim) passbook or check leaf. Till now, it is necessary to provide a photo of the checkbook to get a claim from EPF. But now it will not be required. Other (EPFO ​​claim verification process) methods will be used to verify the claim.

Online Bank KYC Verification:
KYC information will be checked directly from your bank or National Payments Corporation of India (NPCI).

Employer Verification through DSC: Your employer can use a Digital Signature Certificate (DSC) to verify your bank account information (ONLINE KYC verification process).

Verification of Seeded Aadhaar Number:
UIDAI will validate your bank's Aadhaar number (Aadhaar number activation). This will speed up the online claim settlement process and reduce the number of rejected claims as online claim verification will be done without the need for an image of the bank passbook or cheque leaf.

EPFO also laid down eligibility rules
Validate bank data: If your bank details have been previously validated through KYC or any other method, you will not be required to submit any documents.

Claim amount: This exemption may apply to claims that are below a certain limit.

The best-supporting paperwork for an EPF claim is an original, canceled cheque with the member's name, bank account number and IFSC code prominently visible. This serves as your bank account information to settle your claim.

Most rejections in EPF claims are due to not having the right paperwork. You can provide an image of the first page of your bank passbook (EPFO news today) but send a copy of the page that has been duly authenticated (stamped and signed by the bank manager). There should also be a bank stamp on it.

How to file a claim online? (EPFO online claiming process)

Step 1: Log in to the member interface using your UAN credentials.

Step 2: Verify that the KYC and eligibility details listed for your UAN are correct and complete.

Step 3: Select the correct claim.

Step 4: To file a claim online, verify with the OTP received on the cell number registered with UIDAI (UIDAI registration).

Eligibility Criteria
You must have a registered member status and a valid Universal Account Number (UAN). Your Aadhaar number, bank account number, and other KYC details (EPFO eligibility) must be included and verified in your UAN account.