New EPF Rules: EPFO updates policy on cheque leaf and bank passbook uploads. Details here
The Employees Provident Fund Organization (EPFO) has declared that it has changed the requirements regarding the uploading of an image of a validated bank passbook or cheque leaf in certain qualifying circumstances.
To verify the accuracy of claims, the EPFO instead employs extra verification techniques. These could consist of:
This will help expedite the online claim settlement process and lower the number of claims that are rejected because the online claim was submitted without the image of the attested bank passbook or cheque leaf.
According to the EPFO circular dated May 28, 2024, “With a view to facilitate the speedy settlement of claims filed online and to reduce the rejection of claims due to the reason of non-uploading of the image of cheque leaf/ attested bank passbook while filing claims online, it has been decided with the approval of the CPFC to relax the requirement of mandatory uploading of the image of cheque leaf/ attested bank passbook for certain eligible cases based on certain validations which include Online Verification of the Bank KYC by concerned Bank/NPCI, Verification of Bank KYC by the employer using DSC, Seeded Aadhaar Number verified by UIDAI among others."
It’s possible that the EPFO did not specify the requirements for eligibility. Here are some potential outcomes:
The ideal supporting documentation for an EPF claim is an original, cancelled check with the member’s name, bank account number, and IFSC code prominently displayed. To settle your claim, this acts as confirmation of the details of your bank account.
In case your bank account lacks cheque book functionality, the EPFO provides a different approach. A copy of your bank passbook’s first page, duly authenticated (stamped and signed
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