PF withdrawal to go online! Settlement will be within 3 hours

Soon, you will be able to withdraw PF money online, without running from pillar to post.
As the Supreme Court extended voluntary use of Aadhaar card to government schemes, the Employees' Provident Fund Organisation (EPFO) is planning to launch online PF withdrawal facility by March end.

With online facility, PF claims will be settled in three hours of receiving an application.

"We have written to the Labour Ministry for approvals for starting an online PF withdrawal facility. We are hopeful of launching this by March end after yesterday's Supreme Court ruling," said Central Provident Fund Commissioner K K Jalan.

"During this month, we will start settling all PF withdrawal claims having Aadhaar numbers within three days against the mandated period of 20 days though the claims will be filed manually only,” added Jalan.

EPFO has also become the registrar of the Unique Identification Authority of India (UIDAI) for purpose of enrolment.

But for the online facility, your Unique (portable PF) Account Numbers (UANs) should be seeded with Aadhaar numbers, including the bank account details.

EPFO website claims that the authority has issued 5.6 crore UANs, out of which 92.88 lakh subscribers have provided their Aadhaar numbers and 2.75 crore bank account details.

EPFO has verified 64.67 lakh Aadhaar numbers and 1.9 crore banks accounts for seeding those with UANs. At present, there are 1.99 crore subscribers who have actually activated their UANs.

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