EPFO makes online submissions mandatory in settlements above 10 lakhs

Employees Provident Fund Organization (EPFO) made it mandatory for establishments to file online claims for provident fund withdrawals above Rs 10 lakh, respectively above Rs 5 lakh under the Employees’ Pension Scheme 1995. Under the new regime, subscriber’s bank account has to be seeded and verified within the online system before claims can be settled. Moreover, subscribers […]

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