EPFO to launch online PF withdrawal facility by May this year - News Summed Up

EPFO to launch online PF withdrawal facility by May this year


At present, EPFO receive close to 1 crore applications manually for settlement of EPF withdrawal claim, pension fixation or getting group insurance benefit by deceased persons. “The process of connecting all field offices with a central server is going on. For instance, it has plans to settle the EPF withdrawal claim within three hours of filing of online application. Under the pilot, the EPFO has already connected its around 50 field offices with the central server. Seeding of Aadhaar number with the EPF, pension and bank accounts is required for settling claims online to reduce public interface for bringing in more transparency.


Source: Mint February 20, 2017 12:28 UTC



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