EPFO latest updates
EPFO members can complete the whole process online without interacting with the employer or the EPFO field office. The claim submitted by the member would flow in a soft form to the EPFO database, where it will be processed and the member's bank account will be credited.
EPFO has made partial withdrawal easier from provident fund for medical and other purposes like purchase of house, education and marriage of children. For this purpose, the EPFO subscriber is no longer required to submit various certificates or documents.
EPFO has also proposed a loyalty-cum-life benefit of up to Rs. 50,000 at the time of retirement for contributing to the scheme for 20 years or more. The benefit will also be provided in case of permanent disability even if the members have contributed for less than 20 years, the EPFO board has decided. The benefits will be available for EPFO subscribers after approval from the government. more