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It's mandatory to file online claims.

New Delhi: The Employees Provident Fund Organisation made it mandatory to file online claims for provident fund withdrawals above Rs 10 lakh, taking another step towards becoming a paperless organisation.

The retirement fund body EPFO has also made it mandatory to file online claims for withdrawals of above Rs 5 lakh under the Employees Pension Scheme 1995. Under the pension scheme, there is a provision of part withdrawal of pension, commonly known as commutation of pension money. At present, EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawal as also for pension.

The decision was taken at a meeting chaired by Central Provident Fund Commissioner on January 17, 2018, an official said. The official said the field offices have been directed that the claims must be accepted online in case the amount of provident fund withdrawal is above Rs 10 lakh. Similarly, the claims must be online in case the amount is above Rs 5 lakh under employees' pension scheme, the official added.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Mar 4, 2018
Words:171
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