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EPFO CLAIM DELAYED
EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...- EPFO member alert: Your nominee may lose provident fund, pension, other benefits if you make this little mistakeEPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This crucial step ensures family membe...
- EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HCThe Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Providen...
- Employee wins Rs 50,000 compensation from EPFO for 10-year delay in processing EPF transfer claimThe Chandigarh Consumer Commission ruled that the EPFO cannot use software issues as an excuse for a decade-long delay in transferring an e...
- Wrong EPF joining or exit date? This small error can cost you big; Here’s how to fix it fastSmall errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact you...
- Here’s how to fix errors in EPS records now to avoid PF claim rejection, pension lossIf you spot discrepancies in your EPS contributions, take immediate corrective measures or face rejection in EPF withdrawal or transfer cla...
- Will EPF interest rate rise to 10%? Central government clarifies stance on rate hike and feasibilityThe government has stated it has not received formal requests from labour unions to raise the Employees Provident Fund interest rate to 10%...
- EPF withdrawals via ATM, instant UPI as EPFO 3.0 likely to roll out in June 2025The EPFO is set to revolutionize PF withdrawals by June 2025, enabling instant access via UPI and ATMs, pending NPCI approval. This initiat...
- To address overlapping service period issue in PF transfer, EPFO simplifies rules for account transfer from old to new employerThe Employees' Provident Fund Organisation (EPFO) has introduced measures to streamline transfer claim processing, addressing issues of ove...
- Changes in EPF website: EPFO updates Form 13 to ease PF account transfer process, to show taxable PFEmployees Provident Fund Organisation has made some changes. A new version of Form 13 simplifies PF transfers. The EPF website now clearly ...
- Meity tells EPFO to prioritise the revamp of its IT infrastructureIn a letter dated June 18, 2024, Meity urged EPFO to fast-track development of the De-Novo system saying the current technology stack and s...
- Faster EPF claim settlement: EPFO multi-location claim settlement to speed up member claimsFaster EPF claim settlement: By allowing for multi-location claim settlement, this feature will speed up member claims processing and repla...
- 5 reasons for rejection of EPF withdrawal claim and how to avoid itWithdrawals from EPF requested due to coronavirus-related financial emergency or for any other reason, can get rejected for various reasons...
- EPFO launches multi location claims settlement facilityAll types of online claims, i.e., provident fund, pension, partial withdrawal and claims and transfer claims can be processed under this no...
- EPFO settles over 76 lakh claims during Apr-NovRetirement fund body EPFO has settled over 76 lakh claims till November in this fiscal, of which more than 40 per cent were settled within ...
- Settle inoperative PF accounts: EPFO to field officesRetirement fund body EPFO has asked its field offices to identify the beneficiaries of inoperative PF accounts and settle those either by m...
- EPFO to launch software to monitor private PF trusts on SundayThese Private PF Trusts are those firms which manage their workers' PF account and funds themselves, and are governed by the EPF Scheme 195...
- Educate firms to avoid claims rejection, says EPFO to field officesAt the time of verification of claims, the employer can detect obvious mistakes in furnishing the relevant information by the claimants.
- Govt ratifies 8.5% interest on PF deposits for 2012-13"Finance Ministry has notified 8.5 per cent interest rate for 2012-13. It will be implemented with immediate effect," EPFO's Central PF Com...
- Settlement delays by EPFO not to affect interest payoutThe PF office has been asked to ensure that employees are not penalised for its inability to settle accounts in a timely manner.
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