PF Claim New Rule: The Ministry of Labor has asked the Employees’ Provident Fund Organization to accept Aadhaar as the identity document to eliminate the complexities of documents in the process of settling payment claims. The Ministry of Labor hopes that this will not only facilitate the claims of EPF account holders but will also reduce the time taken in the process of settling claims.
PF Claim New Rule: In order to facilitate the claim settlement of EPF accounts of private sector employees associated with the Employees’ Provident Fund Organization (EPFO), preparations are underway to make Aadhaar the most authentic and universally accepted document for verification. Aadhaar will be made the main document for verification to find a solution to a large number of pending claims due to discrepancies in the documents related to EPF claims.
The Ministry of Labor has asked the Employees’ Provident Fund Organization to accept Aadhaar as the identity document to eliminate the complexities of documents in the process of settling payment claims. The Ministry of Labor hopes that this will not only facilitate the claims of EPF account holders but will also reduce the time taken in the process of settling claims.
To reduce the delay in settlement of EPF claims, the Ministry of Labor has also asked to start the process of automatically bringing an application into the fast track process of the organization as soon as it is pending for more than 30 days.
Government’s emphasis on quick settlement of claims
Union Labor and Employment Secretary Sumita Dawra, in a review meeting of the functioning of 21 regional offices of EPFO across the country, emphasized on Aadhaar to eliminate the delay in settlement of claims due to authentic documents. The Secretary said that the use of Aadhaar as an identity document simplifies the processes of government distribution. Along with increasing transparency and efficiency, it also ensures that the beneficiaries get their rights seamlessly.
According to the Secretary, Aadhaar-based verification will eliminate the need for EPF employees to prepare many other documents to prove their identity for settlement of claims. In this regard, while giving UAN number to new members joining EPF, it should be linked to Aadhaar. The meeting also discussed strategies to improve the EPF grievance redressal mechanism and grievance redressal strategies to deal with delays in settlement of claims due to errors in member profiles, non-compliance by employers, technical glitches, etc. The labour ministry, meanwhile, gave EPFO the target of improving settlement of claims as well as reducing rejection rates.
Most Read Articles:
- TCS Q3 Result: The country’s largest IT company presented strong results, also announced dividend
- Mutual Fund SIP: SIP of ₹10,000 created a fund of Rs 3 crore, check details
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
