Provident Fund Online Claim: The Central Government has directed the EPFO that when rejecting the PF claim, all of the shortcomings must be advised to the applicant at one go so that the declaration doesn’t must be stuffed-time and again that the claimdoesn’tmust be stuffed time and again and the applicant can be saved from the problem.
New Delhi: If you might be thinking of withdrawing the amount in your PF, then there may be going to be several aids. Now the hazard of repeated claim rejection has been eradicated. The Central Government has directed the EPFO that when rejecting the PF declaration, all of the shortcomings must be advised to the applicant at one go so that the claim doesn’t must be stuffed time and again and the applicant might be saved from the issue.
EPFO members get a hard and fast quantity deposited each month within the Employees Pension Fund (EPF) account. If wanted, it may be removed at any time by following the rules. But, the applicants had complained to the Ministry of Communications that their purposes have been rejected time and again. On this, the Ministry has issued a suggestion saying that the claims of EPFO shareholders should not be rejected greater than as soon as and the claims should not be delayed past the stipulated time. Cases of delay in cost and harassment are coming to the fore.
The ministry said that in lots of cases, it has been noticed that PF claims have been rejected for one particular purpose and when it was resubmitted after correction, it was once more rejected citing one more reason. Showing strictness, the ministry has mentioned that every one of the responsible officers related to EPFO ought to be sure that no declaration is rejected.
Ministry of Communications instructions
- Every claim is completely investigated at the primary time
- All accountable officers ought to be sure that no declaration is rejected.
- All the explanations for rejecting any declaration must be clarified within the first occasion itself.
- Instructions to cease irregular practices in regional workplaces instantly.
- Inordinate delays in offering correct profit-associated companies need to be stopped by the authorities.
- Rejecting claims with the demand of unnecessary paperwork from the candidates must be stopped.
Conditions for withdrawing money deposited in the PF account
According to EPFO rules, the amount deposited in the PF account might be partially withdrawn. The quantity deposited in PF might be withdrawn when the employee retires or stays unemployed for greater than 2 consecutive months. At the identical time, part of the PF quantity can be withdrawn in circumstances like medical emergencies, marriage, and home loan payments. Private sector shareholders get the facility of partial withdrawal.