PF withdrawal made easy: Now file just one form with self-certification

February 22, 2017

New Delhi, Feb 22: Subscribers of retirement fund body EPFO can now withdraw money from their PF account using one common form and will not be required to file documents like marriage invitation cards for taking advances.

EPFOBesides, the Employees' Provident Fund Organisation (EPFO) has also done away with the practice of filing utlisation certificates for advances taken from their PF accounts and can submit self-utlisation certificate.

"To add further convenience, these forms (different form for various advances and withdrawals) now have been further simplified and replaced with a single page Composite Claim Form (Aadhar). This new Composite Claim Form (Aadhar), can be submitted without the attestation of employers," EPFO said in statement.

According to the statement, subscribers who have seeded Aadhaar and bank account details to their Universal Account Number (UAN) have the facility to submit claim forms directly to the EPFO without attestation of the employers by preferring claims in Forms No 19 (UAN), 10C (UAN) & 31(UAN).

It said that for subscribers, who are yet to seed Aadhaar and Bank details with their UAN, the new Composite Claim Form (Non-Aadhar) replaces the existing Forms No 19, 10C & 31.

The new single page composite claim form (Non-Aadhar), can be submitted with the attestation of employers.

It said that self-certification replaces various certificates prescribed at present.

The Composite Claim Form (Aadhar) / Composite Claim Form (Non-Aadhar) now comes with self-certification.

Under the Para 68B of the EPF Scheme, the "New Declaration Form" required to be appended with Form No 31 for housing loan/purchase of site/house/flat or for construction/addition, alteration in existing house/repayment of housing loan is discontinued.

The requirement of "Utilisation Certificate" has also been dispensed with. No document would be required to be submitted by the subscriber in respect of these partial withdrawals, it said.

Similarly, under Para 68H, for grant of advances in case of closure of factories, no document would be required to be submitted by the subscriber.

Under the Para 68K, for the marriage advance & for availing advance for post-matriculation education of children, no document, including marriage card, would be required to be submitted by the subscribers.

Also under Para 68L, for advance in abnormal condition, the member may self-certify that his property has been damaged. No document would be required to be submitted by the subscriber.

Submission of Composite Claim Form (Aadhar) / (Composite Claim form (Non-Aadhar) duly signed by the EPF subscriber shall be construed as 'self-certification' for the said partial withdrawals, for which no document would be required to be submitted to the EPFO offices, it said.

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Agencies
February 25,2020

Tokyo, Feb 25: Japan's Chitetsu Watanabe, recognized at 112 years as the oldest man in the world, has passed away 11 days after he received the Guinness World Record certificate, his family said on Tuesday.

Watanabe died on Sunday night, Efe news reported.

He received the official certificate on February 12 at a nursing home in Joetsu in Niigata prefecture, where he resided.

Soon after being certified as the oldest man, he began to experience a lack of appetite and respiratory problems, the wife of his eldest son told public broadcaster NHK.

Born on March 5, 1907 in a family of farmers, Watanabe moved at the age of 20 to Taiwan, where he worked at a sugar refinery for 18 years before returning to Japan after the end of World War II.

A fan of calligraphy, custard and ice cream, Watanabe told the Guinness team that the key to his long life was laughter.

He was recognized as the oldest male in the world following the deaths in 2019 of German Gustav Gerneth (in October), aged 114 years, and Japan's Masazo Nonaka (in January), at the age of 113, three months older than the German.

It remains to be seen who will be recognized after the death of Watanabe, the only male on the list drawn up by the Gerontology Research Group of the 30 oldest people in the world.

Japan has among the highest life expectancy in the world and the number of centenarians in the country has crossed 71,000, according to the latest government figures.

Since 2000, the number of centenarians censored has quintupled, raising concern for the economic outlook and future workforce of the country - where the birthrate is on a downward trend.

Out of these, 88 per cent are women.

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Agencies
June 9,2020

Soon, you may be able to withdraw cash from an ATM without touching any part of the machine. AGS Transact Technologies, a provider of cash and digital payment solutions and automation technology, on Monday said it has successfully developed and tested a touchless ATM solution in light of the COVID-19 pandemic.

The ‘contactless' solution, currently under demo at interested banks, enables a customer to perform all the steps required to withdraw cash from an ATM using the mobile app itself. 

The customer simply has to scan the QR code displayed on the ATM screen and follow the directions on their respective bank's mobile application. 

This includes entering the amount and mPIN required to dispense the cash from the ATM machine. 

According to the company, the QR code feature makes cash withdrawals quicker and more secure, and negates the chances of compromising the ATM Pin or card skimming.

"The new Touchless ATM solution is an extension of the flagship QR Cash solution which ensures safety of the users and will provide a seamless cash withdrawal experience with enhanced security," said Ravi B. Goyal, Chairman and MD, AGS Transact Technologies Ltd.

With minimum investment, the banks can enable this solution for their ATM networks by upgrading the existing software.

AGSTTL has so far installed, maintained and managed a network of over 72,000 ATMs across the country and also provides customised solutions to leading banks. 

The company earlier introduced UPI-QR based Cash withdrawal solution in partnership with Bank of India. 

This is how the solution works.

Open the Bank mobile application on your smartphone and select QR Cash Withdrawal. Enter the amount you wish to withdraw on the mobile app and scan the QR code on the ATM screen.

Next, confirm the amount by clicking on ‘proceed' in the app and enter the mPin to authenticate the transaction. Now collect the cash and receipt and you are done.

"The seamless, cardless and touchless withdrawal method is designed to provide easy transaction flow, without the need to touch the ATM screen or enter the pin," said Mahesh Patel, President and Group Chief Technology Officer, AGS Transact Technologies.

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Agencies
January 20,2020

Washington D.C., Jan 20: An American bride asked for money from her invitees so that they can be on the 'exclusive guest list'.

Weddings can be surely expensive. But is it feasible for one to charge the guests to make up for the expenses?

According to Fox News, that is exactly what happened in a recent American wedding. A 19-year-old shared on Reddit that her cousin was getting married on Sunday and announced that she would charge 50 dollars to those who wanted to attend her wedding.

"She said that they can Venmo her money so there won't be no [sic] problems and everyone who paid will be added onto the 'exclusive guest list' which basically means you won't have to wait in line while other guests pay," wrote the user named DaintySheep.

While she refused to pay for entry into her cousin's wedding the bride-to-be contacted the elders in the family which ended up in an embarrassing situation.

"She wanted to get the money she spent on her special day back. I told her I wouldn't be able to come because this was outrageous and that I wish her well on her special day. She contacted my aunt and my aunt called me cheap and rude. My parents offered to pay for my entry, but I refused," continued the disheartened girl.

While in almost every nook and cranny of the world gifting the bride-groom with money is a tradition, asking for money from friends and family to replenish the money spent on a wedding is can be said to be a rare scenario.

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