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Claim Settlement Period Cut Short to 10 Days by EPFO
May 18, 2017
Retirement funds management body EPFO has reduced the settlement period of various claims such as insurance, pension, and Provident Funds from current 20 to new 10 days.
This is not the first time a cut was made by the organization. In 2015, it had reduced the claim period to 20 days as well to improve the service for its subscribers.
EPFO subscribers can now also use an online claim settlement facility which was launched by the organization on May 1, 2017. An e-court Management System has also been put in place for easy accessibility and transparency which is line with PM Narendra Modi’s digital India drive.
