EPFO plans to settle claims in three days

More worryingly,another 1.41 lakh claims were not settled even after 90 days,“which has brought down the image of EPFO amongst our members.”

The EPFO has now started a Pendency Clearance Drive to settle all claims received before June 15 and said they must be cleared by the month end.

The retirement fund manager has also called for a meeting with all regional PF commissioners on July 5 to finalise an Action Plan for 2013-14 with an estimated 1.2 crore claims.

“Out of the likely receipts of 1.20 crore,even if lesser target of 70 per cent claim settlement within 3 days is considered at national level,it will benefit 84 lakh claimants and uplift the image of the EPFO,” the internal missive has said.

The move comes at a time when the Employees’ Provident Fund is already moving to a fully computerised system where all services,including claims for transfer and withdrawal of provident fund will be available online,starting this July.