EPFO Settles More Than 75 Lakh Claims in the Current Fiscal Sub Committees on Construction Workers and Contract Workers Formed

In its core service areas, EPFO continued with its good performance in October 2014 and it was noted in this context that by the month end more than 75 lakh claims has been settled by EPFO in the current fiscal. Out of that, 97.56% has been settled within the mandated 30 days. Reflecting the speed and promptness of the organization in the recent times, more than 69% of the claims were settled within 10 days of the receipt. Also, more than 98% of the annual accounts due for compilation have been updated by EPFO by October end and 13,500 grievances were disposed during the month.