EPFO Set­tles 118 L Claims in FY16, 96% in 20 Days

The Economic Times - - Economy -

Re­tire­ment fund body EPFO set­tled 118 lakh claims, in­clud­ing PF with­drawals, last fis­cal ended March 31, of which 96% were set­tled within the man­dated pe­riod of 20 days. “At the end of the fi­nan­cial year 2015-16, EPFO set­tled 118 lakh claims out of which 39% were set­tled within 3 days, 79% within 10 days and 96% within 20 days,” the Em­ploy­ees' Prov­i­dent Fund Or­gan­i­sa­tion (EPFO) said in a state­ment. It re­dressed 22,925 griev­ances dur­ing the month set­tling 95% of the griev­ances, leav­ing 1,280 griev­ances pend­ing at the end of the fi­nan­cial year 2015-16.


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