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
June 10,2020

US dictionary Merriam-Webster will update the meaning of the word "racism" after being contacted by a Missouri black woman, who claimed the current definition fell short of including the systematic oppression of people of colour, according to media reports.

"A revision to the entry for racism is now being drafted to be added to the dictionary soon, and we are also planning to revise the entries of other words that are related to racism or have racial connotations," according to a statement of the 189-year-old dictionary shared by Kennedy Mitchum, a recent graduate of Drake University in Iowa, on her Facebook.

Mitchum, 22, emailed the dictionary last month, following the death of African American George Floyd in the custody of four Minneapolis police officers, Xinhua news agency reported.

"I kept having to tell them that definition is not representative of what is actually happening in the world," Mitchum told CNN. "The way that racism occurs in real life is not just prejudice, it's the systemic racism that is happening for a lot of black Americans."

Merriam-Webster's first definition of racism is "a belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race."

"It's not just disliking someone because of their race," Mitchum wrote in a Facebook post on Friday. "This current fight we are in is evidence of that, lives are at stake because of the systems of oppression that go hand-in-hand with racism."

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News Network
May 6,2020

Hyderabad, May 6: Away from city lights, two hours before Sunrise, people in India and across the world can witness Annual Meteor Shower called Eta Aquarids till May 28.

Observed since time immemorial, Meteor shower are commonly known as shooting stars which are nothing but dust flakes of comet/asteroid entering earth atmosphere.

This Annual Eta Aquarids Meteor Shower peaked on Wednesday at 02.30 am on Wednesday whereas presence of Full Moon was an obstacle outshining bright streaks of lights of this meteor shower zipping across the South Eastern sky.

As this meteor shower is active till May 28, people can still watch this celestial spectacle in early morning every day, Planetary Society of India (PSI) Director N Sri Raghunandan Kumar interacting with UNI said.

As per International Meteor Organization (IMO), 50 meteors per hour are expected to be seen on day of peak today. And this number would vary as days pass on till May 28 while earth passes through dust cloud of comet debris in its orbit.

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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