I have applied for epf claim for partial withdraw of epf but unfortunately the account number is wrong and the claimed status is showing CLAIM SETTLED but when enquired to bank on the wrong account number I got very few info.They said the amount credited and debited back to the beneficery.i.e-EPF due to name mismatch.
But when contacted EPF they are saying they didn’t got the amount back in the EPF account.
In the bank the credit/debit happend on 8th jan.
Any idea how long it takes to reflect back the bounced amount from the wrong account to EPF takes???
Please help me out
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But when contacted EPF they are saying they didn’t got the amount back in the EPF account.
In the bank the credit/debit happend on 8th jan.
Any idea how long it takes to reflect back the bounced amount from the wrong account to EPF takes???
Please help me out
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If the amount is not paid back to EPF, obtain a certificate from the bank containing the credit and debit reference numbers for submission to EPF. Before submitting any claim, the online portal asks for a few digits of your bank account. If you have mistakenly submitted the wrong account information and the amount has been credited to that account, it can be challenging to rectify. The beneficiary member themselves may have requested the amount to be credited to the incorrect bank account number.
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Dear Glidor, thanks for the info. Any idea how long it takes to reflect the amount back to EPF account? The bank is saying in NEFT within 2 hours the amount will be back to the beneficiary (EPF). However, EPF people are saying it will take 10-15 days to reflect in their EPF account. Is this correct that it takes 10-15 days to reflect the auto-reverse amount from the bank to EPF? Kindly, can anyone give your thoughts?
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EPFO desk-to-desk work is a long route. The accounts section will keep the amount under suspense account as there is no mark from the bank regarding UAN or EPF account number. After a monthly close, they will keep tabs on reconciliation.
So, if the bank can issue a memo of refund, they can sort out the issue in a short method. Otherwise, in thousands of processes, it will take time because the payments are now central-based. The Regional Office or SRO has no role or method to track the refunds unless the central office intimates them.
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So, if the bank can issue a memo of refund, they can sort out the issue in a short method. Otherwise, in thousands of processes, it will take time because the payments are now central-based. The Regional Office or SRO has no role or method to track the refunds unless the central office intimates them.
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Introduction Of Online Functionality For EPF Subscribers To Correct Name, DOB, Gender.pdf