EPF introduces e-payment

Employees Provident Fund Organisation Regional Office, Bandra has introduced e-payment to credit the benefits payable to members accounts immediately after authorization of claims leading to higher customer satisfaction and substantial reduction in grievances. In order to avail this facility the Provident Fund beneficiaries are required to submit attested copy of the first page of their pass book along with their claim form. In case the first page of passbook does not  indicate the IFS code, a cancelled blank cheque should also be enclosed.

PRESS RELEASE COPY

EMPLOYEES' PROVIDENT FUND ORGANISATION

Mumbai - I. REGION.

341, Bhavishya Nidhi Bhavan, Bandra fEastl Mumbai – 400 051

PRESS RELEASE

Date: 05/05/2010

Employees' Provident Fund Organization Regional Office, Bandra has introduced e-payment to credit the benefits payable to member's accounts immediately after authorization of claims leading to higher customer satisfaction and substantial reduction in grievances.

In order to avail this facility the Provident Fund beneficiaries are required to submit attested copy of the first page of their pass book along with their claim form. Enclosing a cancelled blank cheque will also be helpful.

The payments will be made either by core-banking solution or by National Electronic Fund Transfer (NEFT). If the bank where the member is maintaining his account is not connected to NEFT network, then only the payment will be made through cheque for crediting to the member's savings account.

All PF beneficiaries are mandatorily required to follow the above requirements to facilitate early settlement.

[P.M.Mathew] Regional PF Commissioner[I] Mumbai-I Region.

Read more: http://www.taxguru.in/corporate-law/epf-introduces-e-payment.html#ixzz0oAAhxSAa