EPF claims above 10L to be online
EPF or employee provident fund withdrawal claims above Rs 10 lakh have to be filed online. Retirement fund body EPFO or Employees Provident Fund Organisation has made it mandatory to file online claims for claim settlements above Rs 10 lakh. This was said in a notification by EPFO on 27 February. For EPS (Employees Pension Scheme), the limit is Rs 5 lakh, which means that pension scheme withdrawals beyond Rs 5 lakh have to be made online only. Currently, EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawals.
"In case the amount of claim settlement is above Rs 10 lacs for PF claims and Rs 5 lacs in respect of EPS withdrawal claims, the claim form must be accepted through online mode only,” the retirement fund body said in a circular. An employee's 12 per cent contribution goes towards the EPF kitty, while 8.33 per cent out of the total 12 per cent of the employer's contribution is invested in EPS or pension scheme. The balance 3.67 per cent is invested in EPF.
EFPO members with authenticated Aadhaar and bank details seeded against their UAN (Universal Account Number) can submit their provident fund withdrawal/settlement/transfer claims online, according to EPFO's website - epfindia.gov.in. A UAN acts as an umbrella for the multiple member IDs allotted to an individual by different establishments. The idea is to link multiple Member Identification Numbers (Member IDs) allotted to a single member, under a single Universal Account Number. more
"In case the amount of claim settlement is above Rs 10 lacs for PF claims and Rs 5 lacs in respect of EPS withdrawal claims, the claim form must be accepted through online mode only,” the retirement fund body said in a circular. An employee's 12 per cent contribution goes towards the EPF kitty, while 8.33 per cent out of the total 12 per cent of the employer's contribution is invested in EPS or pension scheme. The balance 3.67 per cent is invested in EPF.
EFPO members with authenticated Aadhaar and bank details seeded against their UAN (Universal Account Number) can submit their provident fund withdrawal/settlement/transfer claims online, according to EPFO's website - epfindia.gov.in. A UAN acts as an umbrella for the multiple member IDs allotted to an individual by different establishments. The idea is to link multiple Member Identification Numbers (Member IDs) allotted to a single member, under a single Universal Account Number. more
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Kindly change my name is uan my number is 100954270284 I was already submitted form still showing pending more
Mar 05
