You Can Withdraw EPF Through Mobile App Soon

The Employees' Provident Fund Organisation (EPFO) is developing online claims settlement process by receiving application online.

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Nearly four crore members of retirement fund body EPFO will soon be able to settle their claims like EPF withdrawal through mobile application UMANG.

"The Employees' Provident Fund Organisation (EPFO) is developing online claims settlement process by receiving application online," Labour Minister Bandaru Dattatreya said in a written reply to the Lok Sabha.

UMANG App

''The application will be integrated with Unified Mobile App for new-age governance, (UMANG) App, to receive the claims online. However, the timeframe to roll out the same has not been finalized'', he added. How To Check EPF Balance Through Mobile SMS?

Settlement of EPF

The EPFO receives close to 1 crore applications manually for settlement of EPF withdrawals, pension fixation or getting group insurance benefit by the deceased. A senior official said over 110 regional offices of the EPFO out of 123 field formations have already been connected to the central server. The official explained that it is a technical requirement for connecting all regional offices with the central server for rolling out the facility.

20 days settlement

The EPFO has an ambitious plan to settle the claims within a few hours after filing of the application. For instance, it has plans to settle the EPF withdrawal claim within three hours of the filing. As per the scheme, the EPFO is required to settle all claims within 20 days from the filing of the application for settlement of pension or EPF withdrawal. What Is EPF App? How To Use M-epf to view EPF Balance?

UAN for EPFO

An official spoke of the requirement of seeding Aadhaar and bank accounts with the Universal (PF) Account Number (UAN) for settling EPFO claim online. In a separate reply to the House, the minister said that out of the 3.76 crore contributing members as on March 31, 2016, as many as 1.68 crore had linked their Aadhaar numbers with UAN. The EPFO has already made it mandatory to provide bank account numbers with IFSC codes and Aadhaar of subscribers.

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Read more about: epfo
Story first published: Tuesday, April 11, 2017, 11:48 [IST]
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