PF Online withdrawals above Rs 10 lakh Mandatory : EPFO

PF Online withdrawals above Rs 10 lakh Mandatory : EPFO EPFO hascreateditnecessaryto fileon-lineclaims for provident fund withdrawalshigher

CA Deepak Gupta

Mar 1, 2018

Last update on Mar 1, 2018

PF Online withdrawals above Rs 10 lakh Mandatory : EPFO

The Employees Provident Fund Organisation (EPFO) hascreateditnecessaryto fileon-lineclaims for withdrawals ofhigher thanRsfive100000underneaththe staffPensiontheme1995.The decision was taken ata gatheringchaired by Central Provident Fund Commissioner onJanuaryseventeen, 2018,a politicianaforesaid. The officialaforesaidthe sphereofficesaredirected that the claimsshouldbe acceptedon-linejust in casethe numberof provident fund withdrawal ishigher thanRsten100000. Similarly, the claimsshouldbeon-linejust in casethe numberishigher thanRsfive100000underneathemployees' pensiontheme, the officialadditional. Thechecking accountof the subscribermustbe seeded and verifiedwithin thesystem beforethe netclaimsissettled. Moreover, the subscriberought toareissued a universal accountvarietyand sameshouldbe activated. The officialaforesaidthat each oneclaimsolympiantheaforesaidlimitswouldn'tbe acceptedwithin thephysicaltypecurrentlyforrader. The EPFO has over sixlarge integersubscribers and manages a corpus of Rsten100000large integer.

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.