EPFO settles 97% of claims in 10 days

March 13, 2014 11:15 pm | Updated May 19, 2016 08:26 am IST - CHENNAI:

Employees’ Provident Fund Organisation (EPFO) has settled more than 1.1 crore claims in the current financial year till February 2014. Reviewing the progress of the organisation, K. K. Jalan, Central Provident Fund Commissioner, has stated in a release that eight lakh claims were settled in February alone. Of these, 31 per cent were settled within three days and 66 per cent within 10 days of receipt. The grievance redressal machinery of EPFO also ensured that 15,206 grievances were disposed during the month under reference.

As the organisation would soon roll out universal (permanent) account numbers for its members, employers should be encouraged to transfer their accounts on change in job/location to facilitate continued membership and better benefits, Mr. Jalan noted. .

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.