Mandatory online submission of PF/ Pension claims in case of settlement amount is above Rs. 10 lacs/ Rs. 5 Lacs: EPFO
Based on the decision taken in the meeting chaired by CPFC on 17 Jan. 2018, EPFO has directed that in case the amount of PF/ Pension withdrawal claim settlement is above Rs.10 lacs/ Rs. 5 Lacs respectively, the claim form has to be submitted through online mode only. The bank account of such PF members should have been seeded and verified in the system before settling such claims. Accordingly, all claims exceeding the above limits shall not be accepted in the physical form by the EPFO henceforth.