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Tuesday, May 20, 2014

Amendment in Employees Provident Fund Scheme in regards to Settlement of inoperative accounts

Dear All,

Pls find enclosed is the Gazetted copy in regards to Employees Provident Fund Scheme in regards to settlement of inoperative accounts 

In brief  

if the settlement of claim in respect of inoperative account is delayed for more than thirty days from the date of receipt of the application for settlement of claim, interest shall be credited to the account in accordance with sub paragraph (2) for delay period excluding the period of thirty days."

This is a very good Move in regards to this amendment settlement might be done in a faster speed  

The necessary Gazetted copy id Enclosed for your ready reference 

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