FOR IMMEDIATE RELEASE

Government implants an amazing plan for the retired person that definitely keeps them away from lot of hassles faced during the extraction of the provident fund of the employees that generally needs an approval and sanction from the employer (the company). However, the implacable scheme allows the employees to withdraw his/her EPF without the consent or any authorization from the company allotting lot more flexibility in the process of withdrawing ones Provident Fund. Moreover, the website allotted by the government gives the freedom to know and check EPF Balance followed by various other option to know more about the claim and other knowledge associated with it.

The execution of the plan has made it far more easily convenient for retired employees for PF Withdrawal eliminating the exhausting process that previously prevailed regarding PF, pleasing news for the retired employees makes them thankful to the government.

However, the essential steps to be matched to execute the scheme is to place the identity proof; Aadhaar unique identity number along with the bank account proof if linked to the EPF universal account number (UAN) followed by the know-your–customer (KYC) verification should be given. The match of the needed requirements will allow the person to avail the benefit avoiding long scheme monotonous process. “Employees whose details like Aadhaar number and bank account number have been seeded into their UAN and whose UAN has been activated, may submit claims in Form 19, Form l0C and Form 31 directly to the commissioner without attestation of their employers, in such form and manner as may be specified by the central provident fund commissioner, for fast settlement of claims,” the declared order by EPFO on 1 December. Moreover, the website permits to have an application for this purpose in order to make the process more flexible and manageable.

ABOUT:
The implementation of a new scheme by the government that allots the retired employees to avail the benefit of EPF without the consent of the employer has led to the flexibility in managing the PF by the retired persons avoiding the hassle prone process of collecting EPF that use to prevail.

For more information, please visit http://epf-india.co.in/

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