PF Settlement Made Quicker: Timeline Revised From 30 To 20 Days

News:

• The Ministry of Labour & Employment said that Employees Provident Fund Organisation (EPFO) revised the timeline for settlements of PF, pension and insurance claims from 30 to 20 days.
• The EPFO launched a nationwide publicity outreach programme called Nidhi Aapke Nikat in July, it is a new initiative on the part of EPFO, is more broad based in its approach and encourages greater participation by all its stakeholders.
• In order to increase the efficiency of fund management, the New Fund Management System (NFMS) has been implemented in the administrative account of EPFO.

Source: ET