EPFO Norms Relaxed; Pensioners Can Now Submit Certificates With Ease - JPKee.com

New Delhi, November 23: With an aim to remove difficulties faced by pensioners, the Employees Provident Fund Organisation (EPFO) on Wednesday relaxed norms for submission of life certificates. The retirement fund body has made things simpler for pensioners by relaxing conditions for submitting life certificates, including for online submissions. The EPFO in a statement on Wednesday said that it has laid down provisions that will help pensioners in submitting the Jeevan Pramaan certificate with ease.

In a major relief to pensioners, the life certificate in physical form may be accepted from such pensioners who have recorded genuine reasons for non-submission of digital Jeevan Pramaan. The new conditions provide that those who have not submitted Jeevan Pramaan digitally even once can do so within this month. The facility of submitting Jeevan Pramaan is available at all EPFO offices, pension disbursing banks and common service centres.

Pensioners who have already made the digital submission for the previous year, need not do so again for the current year. Pensioners would have the option of submitting the digital or paper-based certificate to pension drawing bank branches.  The latest move is a relief to senior citizens as they made a beeline to EPFO offices to submit their Digital Life certificates. Many pensioners expressed their dissatisfaction over the digitilisation process. The process really doesn’t please the pensioners as they have to stand in long queues for endless hours.

As per reports, the EPFO central board of trustees (CBT) will meet in New Delhi today to decide an exit policy for its equity investments. The decision of the CBT on EPFO’s exit policy will decide how the body plans to monetise its stock exposure to benefit subscribers. In October, Union minister Santosh Kumar Gangwar said that EPFO will go paperless in another year as part of Digital India initiative. The retirement fund body has already launched a few online services. If it goes fully digital in the coming year, the subscribers need not visit the offices to get their work done.

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Author - Vikash Kumar