EPFO makes us struggle gor our own money
EPFO Final PF Settlement Data (2022-23)
• Claim Received - 73.87 Lakh
• Claim Settled - 46.66 Lakh
• Claim Rejected - 24.93 Lakh
Whopping 33.8% Claims Were Rejected
People Need To Suffer For Hard Earned Money more
• Claim Received - 73.87 Lakh
• Claim Settled - 46.66 Lakh
• Claim Rejected - 24.93 Lakh
Whopping 33.8% Claims Were Rejected
People Need To Suffer For Hard Earned Money more
Viewed by 384
I just had a very pleasant experience in EPFO withdrawal using Form 31.My claim was rejected first time since the bank account IFSC code was incorrect,(most likely my ex employer could have entered incorrect data). Once I corrected the IFSC code, and resubmitted data in EPFO portal , my claim was settled with 20 days. Mind you, every thing was done online. I did not have to go anywhere, nor followed up with anyone, nor did any one contacted me. My recommendation, please ensure, every profile data & nomination details are properly updated (DOB, email id, spellings, account details , etc.). Thanks ! more
Jul 22
Our industries are also responsible for wrong informations in documents eg DOB,Signature,joining date etc. It happens with labour class working under contractors.if adhar and pan are not linked, epfo should workout any other way to accept claim, but rejection is not solution.Agents generally cause delays .Employees have to que up in office but agents have direct approach and enter in office.overall roots of corruption are there. more
Jul 06
Hello Prajith PS, Its like saying my PAN and Aadhar are linked so how did I get a fever :-). Please understand that technical issues / rejections / mistakes in fillings can cause the rejections of claims (It has nothing to do it with Aadhar) and I am saying for all other forms we do fill in real life. Please try understanding the things in technical, logical / sensible way instead of blasting your anger for the rulling government. All things are becoming digital now and its saves time and energy for all of us, where earlier things were manual and more prone to errors / rejections / frauds, bribes, etc. earlier. The system will reject your claim if name is not matching as per PAN, Aadhar, Bank Account, Or DOB is not matching, or KYC issus with Bank, Joint bank account, incomplete kyc, incorrect bank details, incomplete documentations, mismatched information, incorrectly completed epfo claims, Insufficient balance, claims not covered under the EPF Scheme., In case of discrepancy in period of service, If the member has any dues payable to the EPF organisation or any standing arrears against them, then the claim may be rejected until dues are cleared., The claim will be liable for rejection if the employer or issuing authority concerned does not properly attest or verify the claim form, even details regarding employment, etc etc. Again at times there also might be an instance where a particular submission is rejected due to technicalities or system errors during the submission process which is very rarely the case. If we compare the previous times with the current times digital times then you will understand that we have taken a great leap and moved far ahead and moving in the right direction :-) more
Jul 06
Claims made to the Employees' Provident Fund Organization (EPFO) in India can be rejected for various reasons, including incorrect information, documentation issues, employer verification, non-compliance with rules, technical errors, and discrepancies in contributions. To avoid rejection, it's crucial to provide accurate information, submit all necessary documents, and verify that all information matches EPFO records. If a claim is rejected, EPFO typically provides reasons for rejection, which can be addressed to resubmit the claim with corrections or additional information. more
Jun 27
It is silly to blame the employee for incorrect submission of request. In this age where EPFO and Aadhar is linked, what additional information does an employee or their relatives (in case of demise) need to furnish to claim their own contribution back?
What is the moral ground for government to hold back someone's contribution, which is given to government for a rate of return much below market returns?
Let me clarify this - This is just fraud! more
What is the moral ground for government to hold back someone's contribution, which is given to government for a rate of return much below market returns?
Let me clarify this - This is just fraud! more
Jun 27
It's our hard earned money and EPF should make 100% to all subscribers. Govt should look into it. We are in private service and we depend on it at retirement age. more
Jun 27
