EPFO – Online Claims
EPFO makes online claims must for PF withdrawals above Rs 10 lakh
Under the pension scheme, there is a provision of part withdrawal of pension, commonly known as commutation of pension money. At present, EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawal as also for pension.
The decision was taken at a meeting chaired by Central Provident Fund Commissioner on January 17, 2018, an official said.
The official said the field offices have been directed that the claims must be accepted online in case the amount of provident fund withdrawal is above Rs 10 lakh.
Similarly, the claims must be online in case the amount is above Rs 5 lakh under employees’ pension scheme, the official added.
The official said that all claims exceeding the said limits would not be accepted in the physical form now onwards.