EPFO| Updated Rules; Rs 279.65 Crore Given To 1.37 Lakh PF Holders
The Employees Provident Fund Organization (EPFO) has dealt with more than 1.37 lakh instances of investors during the most recent ten days and distributions of Rs 279.65 crore have been made.
The Union Ministry of Labor and Employment said on Friday that taking into account the crown pandemic. The arrangements of the EPFO is changing and online offices , transfered to the investors.
Cases that meet the base capability are being managed within 72 hours. Endeavors are being made to settle different issues in the most limited conceivable time.
The legislature has changed the withdrawal arrangements from the opportune store considering the crown plague. Workers can pull back equivalent to a quarter of a year compensation or 75 percent of the all out stores, whichever is less. In such cases a hole of three years in the date of birth of the investor is being acknowledged.
PF individuals will have the option to fix the date of birth in EPFO
The EPFO has gave reconsidered directions to its provincial workplaces to expand the accessibility and access of online offices in the wake of the Corona pandemic. This indicated by them that PF individuals have been furnished with the office to refresh their date of birth in EPFO records. So their UAN can be guaranteed with KYC.
EPFO Assistant Provident Fund Commissioner said that the date of birth recorded in Aadhar will at present acknowledged as a legitimate evidence of date of birth with the end goal of revision. Given that the contrast between the two dates is under 03 years. PF individuals can submit revision demands on the web. He educated that right now will have the option to confirm the date of birth of individuals with UIDAI right away. This will decrease the time taken to process demands got for development.
The EPFO Headquarters has Informed Regional Offices to assist the request getting from the PF individuals in the money related emergency due to the Covid-19 pandemic .
And to give non-refundable advances from their fortunate assets.