Now Reading: EPFO automates PF transfers, speeds up settlements; check service records
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EPFO automates PF transfers, speeds up settlements; check service records
EPFO automates PF transfers, speeds up settlements; check service records
EPFO is automating PF transfers and extending auto-settlement to final withdrawals, with same-day settlement expected for most claims, Central Provident Fund Commissioner Ramesh Krishnamurthi announced. The BHIM app integration for UPI-based withdrawals…
The Story in Brief
EPFO is automating PF transfers and extending auto-settlement to final withdrawals, with same-day settlement expected for most claims, Central Provident Fund Commissioner Ramesh Krishnamurthi announced. The BHIM app integration for UPI-based withdrawals is due within a month. However, post-IT migration, many members see wrong service history on the member portal, overlapping records, missing companies, or incorrect joining dates, which can block transfers and withdrawals. Employees must verify that all employers are linked to one active UAN, check joining and exit dates against appointment letters, and review monthly contributions in the passbook. If errors persist, a joint declaration with employer approval or a grievance through EPFO’s online portal is needed.
The Indian Opinion
EPFO’s automation push is welcome, but the same IT upgrade that enables it also produced the service-history errors troubling many members. The often-repeated narrative that employees are careless with UAN linking ignores how employers or the portal itself can create duplicates. The real test is whether the new auto-settlement and BHIM withdrawal work without glitches in the first month. Watch for the launch date of UPI-based claims, if delayed, the promise of faster service rings hollow.
Sources (2): livemint.com, livemint.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
