Are you irritated and worried about delays in settlement of PF Claims? Don’t worry, the new set of rules have been announced by the Government for EPF claims in case of death or retirement. On taking Prime Minister Narendra Modi directions, The Employees Provident Fund Organization (EPFO) has announced new guidelines to its officials to settle death PF claims within seven days from the date of submission of a form.
At present, the organization is taking 20 days to settle PF claimed by the person in case of death. However, the time was reduced to seven days by taking Prime Minister Narendra Modi decision during a review meeting on October 26.
On speaking about this, Central PF Commissioner VP Joy said that “On taking PM directions, we have informed that EPF claims for Death cases to be settled within 7 days. PM Modi raised the disquiets about delays in settlement of PF claims in case of death or retirements. So, we are here to inform that all death Employee Provident Fund claims submitted by nominee or wife or legal inheritors of EPF members to be perpetually settled within seven days from the date of submission of PF claim form in particular offices.”
The new changes are applicable for both death and retirement cases, but top priority has given to Death PF claims. The circular released by EPFO mentioned that all death claims will be given top priority and officials in charge at all EPF offices will individually monitor the death cases on day to day basis. Currently, the settlements for PF claims applied by employees take up to 20 days from administrations like Employees Provident Fund, Employees Pension Scheme and Employees Deposit Linked Insurance which has directed by EPFO.
EPFO celebrated the 64th Promulgation Day of the Employees Provident Funds and Miscellaneous Provisions Act, 1952. Labour Minister Bandaru Dattatreya was the chief guest for an event and praised the services provided by EPFO.