DELAY IN REPAYMENT OF PF IN MUMBAI
The reasons for the
delay in payment of Provident Fund to Employees in Mumbai are:
not getting claim forms countersigned by the employer or authorised
person; non-Readability due to correction in the Bank's Savings
Bank Account No. and Bank's name and address; and not affixing
the Revenue Stamp and signature thereon to the effect of advance
receipt as required in the claim form.
The Union Government
has issued guidelines through provisions contained in Para 72(7)
of the Employees' Provident fund Scheme, 1952 and Para 17 A of
the Employees' Pension Scheme, 1995. The guidelines provide that
the claims complete in all respects submitted along with the requisite
documents shall be settled and benefit amount paid to the beneficiaries
within 30 days from the date of its receipt by the Commissioner.
As a step to
ensure prompt settlement of claims, the staff members of Employees'
Provident Fund Organisation have been sensitised with proper instructions
and the Front Office functioning has been strengthened. The employer
and the members are also educated through Seminars and other fora
about the specific requirements in the schemes.
was given by the Minister of State for Labour Shri Vijay Goel
in the Lok Sabha today.