Mandatory submission of claims through online mode in case of settlement amount for PF is above Rs.10.00 lacs. and for EPS claims is above Rs. 5 lacs.
The Employees’ Provident Fund Organization (“EPFO”) has made online submission of claims mandatory for settlement in cases where the claim exceeds:
- Rs. 10 lacs for PF; and
- Rs. 5 lacs for EPS
Further EPFO has stated that the bank account of such PF members are required to be seeded and verified in the system before settling such claims.