Jun 20, 2013

provident fund in 3 days

New Delhi: Retirement fund body Employees' Provident Fund Organisation (EPFO) is planning to settle all claims like transfer and withdrawal of provident fund (PF) within three days, a move that will benefit over one crore such claimants every year.
In order to give effect to the proposal of expeditious settlement of claims, EPFO has called a meeting of all zonal heads on July 5, to draw an action plan.
     The body is expecting 1.2 crore claims in the current fiscal and hopes that if around 70 per cent of those are settled in three days, then about 84 lakh claimants would be benefited.

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