EPF Interest Rate: If you are also employed then this news will make you happy. Another circular has been issued by EPFO regarding the problems faced by the employees and pensioners to get more pension.
In this, information related to three cases has been given. Firstly, what will happen after submitting joint application for higher pension. Secondly, what will happen if there is any mistake in the joint application. Third, what if the joint application is not approved by the employer company?
Will be investigated by field officer
If you also want to apply for more pension, then its last date is 3rd May. According to the circular issued by EPFO, after submitting the Joint Application Form till the last date, it will be scrutinized by the field officer. Once all the documents are completed, the salary details are submitted by the employer. After this it will be verified from the data available with EPFO. After the data is certified, the balance amount will be calculated and an order will be given to transfer it.
One month’s time to give correct information
If the information available with EPFO does not match with the information given by the employer and the employee, then the employer and the employee will be informed by the EPFO. One month’s time will be given to provide correct information. Apart from this, in case the joint application form is not approved by the employer, the employer will be given a chance to provide additional evidence. This opportunity will also be given for one month. Information about this will be given to both employees and pensioners.
