💨 Abstract
The Employees' Provident Fund Organisation (EPFO) announced on April 3rd that applicants seeking online provident fund withdrawals no longer need to upload a cancelled cheque image or get their bank accounts verified by employers. This is expected to speed up the claim settlement process for 8 crore members and simplify the process for employers. The move follows a successful pilot period and will eliminate potential claim rejections due to poor-quality uploads.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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