1. No revenue stamp on claim forms for e-payments: EPFO to staff

No revenue stamp on claim forms for e-payments: EPFO to staff

Retirement fund body EPFO has asked its field offices to ensure that no revenue stamps be affixed on EPF claim forms in case of payment through National Electronic Fund Transfer (NEFT).

By: | New Delhi | Updated: March 8, 2017 1:13 AM
The Employees Provident Fund Organisation (EPFO) has issued this directive after noting that some PF exempted establishments (private PF trusts) are still insisting on affixing rupee one revenue stamp on claim forms, a senior official said.

Retirement fund body EPFO has asked its field offices to ensure that no revenue stamps be affixed on EPF claim forms in case of payment through National Electronic Fund Transfer (NEFT). The Employees Provident Fund Organisation (EPFO) has issued this directive after noting that some PF exempted establishments (private PF trusts) are still insisting on affixing rupee one revenue stamp on claim forms, a senior official said.

There are over 3,000 private PF trusts which are exempted from filing PF returns as they manage their employees’ retirement fund and accounts both. They get exemption from filing EPF returns on the condition that they provide all benefits available under the EPF Scheme 1995.

Also Watch:

The EPFO had dispensed with the procedure of affixing rupee one revenue stamp on claim forms in case of payments through NEFT way back in August, 2015. At present, EPFO makes most of the payments through NEFT in case of PF settlements as well as for disbursing pension to its pensioners under Employees’ Pension Scheme 1995. Under the electronic transfer through NEFT, the money is directly transfered into the bank account of the beneficiary.

Earlier in the day, Union Labour Minister Bandaru Dattatreya said the Centre would soon extend benefits under ESIC and EPFO to the Anganwadi, ASHA and mid-day meal scheme workers in the country.

“We are going to give all Anganwadi workers, ASHA (Accredited Social Health Activists) workers, mid-day meal workers. 90 per cent of them are women. The idea is to give them ESIC and EPFO. They have been agitating for years now. They have no social security for them. They are serving the government, not private. I have formed a committee comprising Women and Child Development ministry, HRD ministry, our (Labour) ministry and Health ministry. I am pleased to tell you that Finance Minister has also agreed to this,” he said.

Dattatreya was making concluding comments at a round-table conference he held with several prominent women personalities here on the eve of International Women’s Day. Noting that the NDA government has taken several major steps for the benefit of women work force in the country, he said the government is committed to provide 33 per cent reservation for women in legislatures and that it will talk to other political parties on the issue.

  1. No Comments.

Go to Top