Provident FundsOrganization (EPFO) has taken various steps for speedy
settlement of claims which inter alia include:
• Composite Claim Form (Aadhaar) and Composite Claim Form (Non-Aadhaar)
has been introduced by replacing the erstwhile Claim Forms No. 19, 10C
and 31, with a view to simplify the submission of claims by the
subscribers. The Composite Claim Form has been further simplified to
include self-certification by EPF subscribers. The Composite Claim Form
(Aadhaar) can be submitted to the EPFO without attestation of their
• EPFO has mandated to settle claims within 20 days.
• Online Transfer Claim Portal (OTCP) has been introduced to facilitate
seamless transfer of claims.
• An online payment facility has been developed for employers for
payment of dues. The internet banking (INB) facility enhances efficiency
and payment and ensures anytime, anywhere online access while usage of
existing internet bank account to make payments online.
• National Electronic Fund Transfer (NEFT) has been introduced for
The Employees’ Provident Funds & Miscellaneous Provisions (EPF & MP)
Act, 1952 is applicable to every establishment employing 20 or more
persons which is either a factory engaged in any industry specified in
Schedule–I of the Act or an establishment to which the Act has been made
applicable by the Central Government by notification in the Official
There was a total of 17.14 crore Employees’ Provident Fund (EPF)
accounts as on 31.03.2016. 12.21 lakh accounts were pending for updation.
As per consolidated Annual Accounts of EPFO for the year 2015-16, the
closing balance in Interest Account as on 31st March, 2016 is Rs.
This information was given by Shri BandaruDattatreya, the Minister of
State (IC) for Labour and Employment,in written reply to a question in