EPFO Reiterates Instructions dt. 18 Aug. 2015 on discontinuance of the Requirement of Affixing Re. 1/- Revenue Stamp on Forms for PF Claims, in case of Payments through NEFT
To simplify settlement of PF claims, the EPFO had issued instructions stopping use of revenue stamp for claim paid via NEFT. However, some exempted establishments continue to insist for Revenue Stamp. Therefore EPFO has reiterated that instructions in this regard should be followed strictly.
Earlier, Re. 1/- revenue stamp was required to be affixed on PF claim forms by members for settlement of claims, which however was examined by EPFO in consultation with the Ministry of Law & Justice. Subsequently EPFO had advised that in case of payments through NEFT, no revenue stamp would be required to be affixed on submission of claim forms by the members w.e.f. 18 Aug. 2015.