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Wednesday, September 02, 2015

No Revenue Stamp Required for EPF Withdrawal

Dear all,

Employees' Provident Fund Organisation (EPFO) has done away with the mandatory requirement of affixing one rupee revenue stamp on claim forms thereby bringing independence from this hassle to millions of PF subscribers every year

Henceforth, one rupee revenue stamp will not be required for most of the claim forms as in 97 per cent cases of PF settlement, the payment is made through National Electronic Fund Transfer (NEFT)

The decision was taken after consultation with Ministry of Law & Justice that opined that as per practice, no revenue stamp is required with respect to payment made through NEFT.

Pls refer to the respective circular as appended below

No Revenue Stamp Required for EPF Withdrawal