EPFO New Rule: The Employees’ Provident Fund Organization (EPFO) has simplified the claim process for its members by removing the need to upload a scanned photo of a check or bank passbook while filing an online claim . This move simplifies documentation and also makes the process easier for users.
Till now this was the rule
Till now, members claiming PF had to upload a scanned copy of the check or the first page of their bank passbook to verify the account details. If the uploaded copy was unclear, it often led to a mistake or the claim was rejected.
Apart from eliminating the check upload rule, EPFO ​​has also removed the need for employer verification to link bank accounts. This means that members can now update their bank accounts directly through Aadhaar-based authentication, making the process even easier.
Government’s big decision on PF – you can get up to 5 lakh
EPFO has recently changed another rule. The Employees’ Provident Fund Organization (EPFO) has given a big relief to its crores of subscribers. Now any member will be able to withdraw up to Rs 5 lakh automatically from the EPF account through advance claim, that is, now there will be no need for manual verification to withdraw such a large amount.
What is the change?
Till now, EPFO ​​had kept the amount up to Rs 1 lakh under auto-settlement under advance claim (ASAC – Auto Settlement of Advance Claims). That is, if an employee withdrew an amount of Rs 1 lakh or less, it was approved directly. But for amounts more than Rs 1 lakh, manual verification was required, which made the process long and time-consuming. Now this limit has been increased to Rs 5 lakh.
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