Concern over automatic processing of EPF claims

#GS2 #WelfareSchemes

Officers allege ‘arbitrary preconditions’ for settlement

  • The Employees’ Provident Fund Organisation (EPFO) processed around 2.88 lakh applications for withdrawal of advance by subscribers under the special scheme during the pandemic, while just under 2 lakh were being scrutinised for deficiencies.
  • Part of the Pradhan Mantri Garib Kalyan Yojana, the EPFO rolled out the online application for non-refundable advance on March 29. 
  • A subscriber can apply for withdrawal of 75% of their account balance or three months’ of their salary.
  • The applications that are fully KYC (know your customer) compliant are being settled automatically within three working days. 
  • The applications that have deficiencies are being checked manually at field offices to prevent over-payment or fraudulent payments.
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