EPFO Account tips: What to do when your EPF amount is not settled in 20 days?

EPFO Account tips: A member can apply for withdrawal of the amount at any time unless he has resigned from the establishment. In case, if the member has resigned from service (not superannuation), he must wait for two months for withdrawal of the provident fund

EPF Account Tips: Members can log any complaint related to their EPF accounts on EPFiGMS portal or also do it via UMAG app. Source: PTI

In the event of a member’s Employees’ Provident Fund (EPF) amount not getting settled with a span of 20 days, he can approach the Regional PF Commissioner in charge of grievance. The Employees’ Provident Fund Organisation (EPFO) also recommends filing the complaint online on the website using EPFiGMS feature in the Section ‘For Employees’

The URL for the grievance page is http://epfigms.gov.in/ or he can appear before the commissioner in the ‘Nidhi Apke Nikat’ programme being conducted on 10th of every month.

The members can log any complaint related to their EPF accounts on EPFiGMS portal or also do it via UMAG app.

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The EPF member can apply for withdrawal of the amount at any time unless he has resigned from the establishment. In case, if the member has resigned from service (not superannuation), he must wait for two months for withdrawal of the provident fund.

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Another important thing to know is if the establishment is having its own recognised private PF Trust, can he be allowed to continue in the private PF Trust without having the need to join the EPFO.

The retirement fund body allows an employee to join a private PF Trust but the Trust must take an exemption from the EPF scheme. The member will still be governed by the Pension and EDLI.

EDLI or Employees Deposit Linked Insurance Scheme is an insurance cover provided by the EPFO to its members from private sector salaried employees. Under the scheme, the registered nominee is entitled to receive a lump-sum payment in the event of the death of the person insured, during the period of the service.

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EPFO is one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken according to claims made by the website. At present it maintains 24.77 crore accounts (Annual Report 2019-20) pertaining to its members.

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