Online PF transfer claim settlement possible by Aug | delhi | Hindustan Times
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Online PF transfer claim settlement possible by Aug

Retirement fund body EPFO will be able to operationalise the facility of settlement of provident fund (PF) transfer claims by August end, a move which would benefit over 13 lakh such applicants every year.

delhi Updated: Jul 08, 2013 02:10 IST

Retirement fund body EPFO will be able to operationalise the facility of settlement of provident fund (PF) transfer claims by August end, a move which would benefit over 13 lakh such applicants every year.

“Employees’ Provident Fund Organisation (EPFO) will make functional the settlement of transfer claims on changing jobs by August end,” a source said.

EPFO is expecting 1.2 crore claims in 2013-14 including around 13 lakh PF transfer claims. The body has planned to settle around 10 lakh transfer claims of tech-savy applicants from industries like IT and other sectors this fiscal.

The reason for their optimism is that employers in sectors like IT, generally have a registered digital signature, which is a prerequisite for claim settlement. Taking the first step towards launch of PF transfer claim facilities, EPFO had unveiled the revised transfer claim form for the purpose on Thursday.

The revised ‘Transfer Claim Form’ can be presented after verification, either through the present employer or the previous employer. Earlier, the form could be submitted after verification only through the present employer.