Day: April 21, 2018

EPF Account Withdrawal, Other Claims: EPFO Announces New Rules

EPF Account Withdrawal, Other Claims: EPFO Announces New Rules

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EPF or employee provident fund withdrawal claims above Rs. 10 lakh don't have to be filed online. Retirement fund body EPFO or Employees' Provident Fund Organisation has recently revised some of its rules related to provident fund claims. The EPFO has nearly six crore subscribers and manages a corpus of about Rs. 10 lakh crore. In a circular dated April 13, EPFO said offline claims will also be accepted in all cases. EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawals. EPF Withdrawal - New Rules "In case the amount of claim settlement is above Rs. 10 lacs for PF claims and Rs. 5 lacs in respect of EPS withdrawal claims, the claim form must be accepted through online mode only," the retirement fund body said in a circular in Febr