Employees Provident Fund Organization, EPFO, has processed about 1.37 lakh claims disbursing 279.65 crore rupees under a new provision to help subscribers fight COVID-19. The provision for a special withdrawal from the EPF Scheme to fight COVID-19 pandemic is part of the Prime Minister’s Garib Kalyan Yojana announced by the government . The remittances of the money have already started taking place.
EPFO is also accepting the date of birth recorded in the Aadhaar card of a subscriber as a valid proof for rectification of the date of birth in PF records. The system as it stands today is processing all applications which are fully KYC compliant within less than 72 hours.
Members, who have applied for claims in some other category, can also file claim to fight pandemic and depending upon the KYC compliance condition of each member, every effort is being made to settle claims at the earliest,” an EPFO official said.
Many EPFO subscribers had raised the issue of delay in processing of the claims, which officials said are being addressed. “Fully KYC compliant applications are being cleared first automatically,” another official of the Organisation said, adding that the rest of the applications are being looked into. EPFO has relaxed the date of birth correction criteria to ease KYC (know your customer) compliance. It is accepting the date of birth recorded in the Aadhaar card of a subscriber as a proof for rectification of the date of birth in PF records.
Moreover, all cases with variation in date of birth up to three years are now being accepted by EPFO, officials said.