Payment of EPF

Press Release, dated 21-5-2012

Employees of a liquidated company can file their claim for provident fund, duly attested by any of the following authorized persons:

  ♦  Member of Parliament;

  ♦  Member of Legislative Assembly;

  ♦  Magistrate;

  ♦  A Gazetted Officer;

  ♦  Sarpanch of the Village;

  ♦  Manager of the Bank in which the Bank Account of the claimant is maintained; and

  ♦  Notary Public, etc.

As per the provisions contained in the Employees' Provident Funds Scheme, 1952, claims of a member, completed in all respect, is to be settled within 30 days of its receipt in the office Employees' Provident Fund Organisation (EPFO).

This information was given by the Union Labour & Employment Minister Shri Mallikarjun Kharge in reply to a written question in the Lok Sabha on 21-5-2012.

Provident Fund claims can be filed by employees of liquidated companies; EPFO must settle completed claims promptly. Employees of a liquidated company may submit provident fund claims attested by specified authorized persons (e.g., MP, MLA, Magistrate, Gazetted Officer, Sarpanch, bank manager, Notary Public); under the Employees' Provident Funds Scheme, 1952, a member's completed claim must be settled by the Employees' Provident Fund Organisation within thirty days of receipt.