EPFO Rule Change: Employees Provident Fund Organization has changed the claim rules. EPFO has changed the rules of death claim. Now it will not take time to settle the death claim. According to the new rule, after the death of the EPFO member, the money in the PF account will be paid to the nominee. Let us know about the new rules of EPFO in this article.
EPFO Rule Change: Employees’ Provident Fund Organization (EPFO) has recently changed the rules for death claim. EPFO had issued a circular regarding this.
According to the new rules of EPFO, if an EPFO member dies and his PF account is not linked to Aadhaar, then the amount of the PF account will be given to the nominee.
After the new rules of EPFO, death claim settlement will take less time.
Why did EPFO change the rules?
EPFO said that regional officers were taking a lot of time to link and verify Aadhaar and they were also facing problems. Apart from this, death claim settlement (EPFO Death Claim Settlement) was also taking time.
According to EPFO, when a member dies, the information present in his Aadhaar cannot be amended. In such a situation, now the nominee will get the money from the PF account after physical verification and taking permission from the regional officer.
Many people were also committing fraud through death claims. EPFO has also taken this step to crack down on this fraud.
Now how will the claim be settled?
- According to the new rule, before claim settlement, the nominee or family member will be verified and examined and only then the amount will be given. Only after this the claim will be settled.
- This will be applicable in cases where the details of the PF account holder are different from the bank account. If the PF member has a wrong UAN then the process will be different.
- If the name of the nominee is not added in the PF account, then in this situation the PF money will go to the heir of the PF member. For this the heir will have to give Aadhaar Card.
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