EPFO Latest News: If EPF Amount Not Settled in 20 Days; Here’s What You Should Do

If an Employees' Provident Fund (EPF) balance issue is not resolved within 20 days then the employee has the right to file a complaint with the regional PF commissioner in charge of grievances.

The Employees' Provident Fund Organisation (EPFO) also suggests using the EPFiGMS tool in the "For Employees" section of the website to submit the complaint. The "Nidhi Apke Nikat" program, which is held on the tenth of every month, allows the employee to appear before the commissioner. The URL for the grievance page is http://epfigms.gov.in/.

Members can also use the UMAG app if an Employees' Provident Fund (EPF) balance issue is not resolved within 20 days then the employee has the right to file a complaint with the regional PF commissioner in charge of grievances.

The Employees' Provident Fund Organisation (EPFO) also suggests using the EPFiGMS tool in the "For Employees" section of the website to submit the complaint. EPFiGMS portal to submit any complaints pertaining to their EPF accounts. Unless he has left the company, the EPF member can submit a withdrawal request at any time.

If a member leaves employment (not for superannuation), he or she must wait two months before withdrawing money from the provident fund. Another crucial question to ask is whether he can stay in the private PF Trust without having to join the EPFO if the establishment has its own authorized private PF Trust.

An employee may join a private PF Trust, but the Trust is required to request an exemption from the EPF program from the retirement fund authority. The Pension and EDLI will still apply to the member.

Employees Deposit Linked Insurance, or EDLI, is a type of insurance that the EPFO offers to its members who are salaried workers in the private sector. In accordance with the plan, the registered nominee is entitled to a lump sum an employee may join a private PF Trust, but the Trust is required to request an exemption from the EPF program from the retirement fund authority. payment in the event that the covered person passes away during the service period.

According to claims made on the website, EPFO is one of the largest social security organizations in the world in terms of clientele and the volume of financial transactions it handles. It currently maintains 24.77 crore accounts for its members (Annual Report 2019–20).