LatestCorporate Compliance 13 September 2026
EPFO Delays Rs 14 Lakh PF Claim by 35 Days, Court Orders Interest
A consumer court has ruled that the Employees' Provident Fund Organisation (EPFO) violated its own 20‑day claim‑settlement rule by taking 35 days to process a Rs 14 lakh PF withdrawal for a retired employee. The court ordered EPFO to pay interest on the delayed amount, highlighting a major setback for the agency and underscoring the need for faster pension fund disbursements.
Key points
- EPFO is required to settle PF claims within 20 days, but this case took 35 days.
- The claim involved a Rs 14 lakh withdrawal for a retired employee.
- A consumer court ordered EPFO to pay interest on the delayed amount, marking a significant regulatory breach.
For full details, see the [original report] (https://news24online.com/business/rs-14-lakh-pf-claim-delayed-by-35-days-major-setback-for-epfo-as-consumer-court-orders-6-interest-to-retired-employee-heres-all-you-need-to-know/923820/).
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