New Delhi: EPFO has given relief to its crores of subscribers. In some cases, it will no longer be necessary for them to upload the photo of the cancelled cheque or bank passbook for claim settlement.
EPFO has said that exemption has been given from uploading the photo of the cheque book or bank passbook during the process of claim settlement only in cases where all other conditions are met. This will help in settling the claims filed online as quickly as possible. In most cases, claims are rejected if the image of the cheque leaf or attested bank passbook copy is not uploaded.
EPFO has given this information in a circular issued on 28 May. This decision has been taken for quick settlement of claims filed online and to reduce the number of claims rejected due to non-uploading of image of check leaf/attested bank passbook. Approval has been taken from CPFC for this. But this exemption has been given only in some cases of validation.
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That is, this exemption will be given only to those members whose other validations are complete. These include online verification of bank KYC by the concerned bank or NPCI, verification of bank KYC by the employer using DSC and verification of Aadhaar number seeded by UIDAI.
This is how officers will recognize
In such cases, a message will appear at the end of the PDF related to the claim. It will be written that the bank has verified the bank KYC online and the employer has digitally signed it. Therefore, it is not mandatory to upload the image of the check leaf / attested bank passbook. For the convenience of the officers investigating such claims, the facility of quick color tag will be provided. This will help them avoid returning such cases.
EPFO has more than six crore subscribers. 12% deduction is made on the basic salary of workers working in the private sector for the EPF account. Along with this, the company also deposits the same amount in the PF account of the employee. Out of the money deposited by the employer, 8.33% goes to EPS (Employees Pension Scheme), while the remaining 3.67% goes to EPF.
