PF Settlement Made Quicker: Timeline Revised From 30 To 20 Days

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To get speedier service, EPFO ( Employees Provident Fund Organisation) have reduced timelines for settlement of PF, pension and insurance claims from 30 days to 20 days.

While taking stock of EPFO's performance, Shri K.K. Jalan, Central P.F. Commissioner said yesterday that the EPFO settled 11.56 lakh claims in the month of July, 2015 and of these 43% were settled within 3 days, 83% within 10 days and 97% within 20 days, the EPFO said in the release.

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PF Settlement Made Quicker: Timeline Revised From 30 To 20 Days

The EPFO launched a nationwide publicity outreach programme called Nidhi Aapke Nikat in July. The programme, a new initiative on the part of EPFO, is more broad based in its approach and encourage greater participation by all its stakeholders.

Social security agreements between India & Austria and India and Canada have been operationalised.

This move would help Indian citizens and citizens of these two other countries to avail social security benefits when working in the host country, added.

As a decision was taken to invest in the equity market, to further comprehend the nuances of investment, meetings were held with entities like Bombay Stock Exchange, ASSOCHAM etc.

Read more about: epf, provident fund
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