IF PF IS NOT CREDITED IN YOUR ACCOUNT THEN WHAT TO DO

 blog readers complaining that EPF claim settled but the amount not credited or received. In such a situation what to do? Let us discuss on this problem in detail.

Note:-Now you can raise an issue related to your EPF issues using the EPFO Whatsapp numbers. For details, refer the post “EPF Whatsapp Helpline Numbers – Full list of Regional Offices“.

How to check online EPF Claim Status?

There are three ways through which you can check online EPF Claim Status. Before you go online to track your EPF claim status, you must have the below-mentioned information.

Your EPF account number;

EPF regional office of your employer;

Establishment or company code and extension code (if required).

Once you have these three information, then you can easily track the same online. The two ways are as below.

 blog readers complaining that EPF claim settled but the amount not credited or received. In such a situation what to do? Let us discuss on this problem in detail.

 

Note:-Now you can raise an issue related to your EPF issues using the EPFO Whatsapp numbers. For details, refer the post “EPF Whatsapp Helpline Numbers – Full list of Regional Offices“.

How to check online EPF Claim Status?

There are three ways through which you can check online EPF Claim Status. Before you go online to track your EPF claim status, you must have the below-mentioned information.

Your EPF account number;

EPF regional office of your employer;

Establishment or company code and extension code (if required).

Once you have these three information, then you can easily track the same online. The two ways are as below.

 

Through EPFO Website

Through UAN Website

The status may look like below (if you checked the status through the UAN portal).

 

UAN Claim Status

Otherwise, if you checked the status through EPF member passbook status link, then it looks like below.

EPF Claim Settled

EPF claim settled but amount not credited or received – What to do?

You must aware that if you submitted the claim form online, then it usually takes around 2-15 days of time to get the money in your bank account.

However, if you have submitted the claim form offline, then it usually takes around 20-30 days of time to get your money.

Now, what are the actions you have to take to resolve the issue of EPF Claim Settled but amount not credited? Let us do one by one.

# Check the NEFT Schedule

You must aware of the NEFT transfer schedule. For a detailed schedule of NEFT, refer to my earlier post “New NEFT Timings Effective from 10th July 2017“.

New NEFT Timings Effective from 10th July 2017

NEFT payment will not work during the bank holidays. Hence, you have to wait for the next immediate working day to know about the credit of the money.

If you are still unable to get the money in your bank account, then follow the below options.

 

# Check the Bank Details updated with UAN

Cross-check your bank details which are updated with UAN number. For this, you have to visit the UAN member portal. Then on Manage->KYC to see your details.

If you found anything wrong there, then EPFO will receive back such a failed amount within 4-5 days. However, it is your duty to immediately update the bank records.

To update or correct your bank details, submit the reauthorization letter to the Regional EPFO office offline with correct bank details, and canceled cheque leaf. After submitting the EPF re-authorization letter, it takes around 10-15 days to credit your EPF amount to the correct bank account.

Download EPF Reauthorization Form

Do remember that your employer attestation or Bank Manager’s attestation is also required. Once your bank details are corrected, then reapply for the withdrawal and let the EPFO process it.

Note:-Now you can update your bank details online. Refer my post “How to correct/update Bank details in EPF/UAN online?“.

# Complain with EPFO Grievance Cell Online

If you are still unable to get your money, then the next step is to complain with EPFO Grievance Cell Online. I have already written a post on this (Please refer “EPF Grievance Cell -Lodge EPF related complaints online“).

You can use an online grievance if you have a UAN number. On this platform, you can lodge the complaint and also track the status of the complaint. The timeline for resolution of grievance raised is 30 days.

# Use EPFO Social Media

Using EPFO Social Media accounts you can be in touch with EPFO. Better you first raise a complaint with EPFO Grievance Cell Online and then use the social media platform if the issue is not resolved. The social media accounts of EPFO are as below.

twitter.com/socialepfo

facebook.com/socialepfo

# Visit the regional EPFO Office

If the above mentioned all options are not working, then try to visit the concerned regional EPFO personally to know the delay or reason for your problem.

You can find the concerned regional EPFO by visiting the EPFO portal and then selecting the option Our Services->Employers->Establishment Search.

Hope by using the above methods you can get your EPF claim amount into your bank account. Please do share your experience by commenting. This will actually guide other readers of this blog.

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If you think older Americans have struggled to cope through the pandemic, think again. According to new research by financial services firm Edward Jones, they have actually been faring far better than their younger counterparts.

The Edward Jones and Age Wave Study focused exclusively on how different generations have held up emotionally and financially in the months since the lockdowns began, and some of its findings are at least as startling as how quickly even 70-year-olds came to love Zoom.

“COVID-19’s impact forever changed the reality of many Americans, yet we’ve observed a resilience among U.S. retirees in contrast to younger generations,” says Ken Dychtwald, Ph.D., the founder and CEO of Age Wave, a leading research think tank on aging, retirement and longevity issues.

While acknowledging upfront that the virus itself disproportionately struck aging adults, the five-generational sampling of 9,000 people, age 18 and over, reveals more than a few surprises. Among them:

• While 37 percent of Gen Zers, 27 percent of Millennials, and 25 percent of Gen Xers say they’d suffered “mental health declines” since the virus hit, only 15 percent of Baby Boomers responded likewise.

• Faring the best were those 75 and over – the Silent Generation that followed the so-called “Greatest Generation” – with a mere 8 percent of those respondents reporting any mental health deterioration. That would seem to run counter, as does the results for Boomers (age 56 to 74), to early warnings that prolonged social isolation made older adults especially vulnerable to depression, anxiety and cognitive decline.

• Nearly 68 million Americans have altered the timing of their retirement due to the pandemic, and 20 million have stopped making regular retirement savings contributions.

Dychtwald attributes the two older generations’ resilience to having “a greater perspective on life.”

“They’ve seen wars and other major disruptions before,” he says, “and they know that this, too, will pass. Younger generations feel like, ‘What happened to my life? I mean, I was supposed to go to college or I was starting a new job, and now everything has changed.’”

Most retired Boomers and Silent Gens also had monthly Social Security checks to fall back on. Which explains why – though the pandemic has significantly reduced the financial security of a quarter of Americans – younger generations were slammed the hardest: Nearly one-third of Millennial and Gen Z respondents characterize the impact as “very or extremely negative,” compared to 16 percent of Boomers and 6 percent of Silent Gens who admitted to similar hardship.

Looking for any silver lining that’s come out of the COVID-19 crisis?

Well, 67 percent of respondents did say it’s brought their families closer together.

“The pandemic has certainly thrown into sharp relief what matters most in our lives,” says Ken Cella, Edward Jones’s client services group principal. “And important discussions have taken place about planning earlier for retirement, saving more for emergencies, and even talking through end-of-life plans and long-term care costs.”

And with the study also showing that an overwhelming percentage of retirees yearn for more ways to use their talents to benefit society, financial services firm Edward Jones believes it’s time to redefine retirement more “holistically” to encompass what it calls “the four pillars” of health, family, purpose and finance.

Successfully addressing most of those pillars admittedly takes more financial savvy than many of us have, though, especially given ever-rising costs. But a financial advisor, such as a local one at Edward Jones, has the perspective, experience and empathy to help.

Through EPFO Website

Through UAN Website

The status may look like below (if you checked the status through the UAN portal).

 

UAN Claim Status

Otherwise, if you checked the status through EPF member passbook status link, then it looks like below.

EPF Claim Settled

EPF claim settled but amount not credited or received – What to do?

You must aware that if you submitted the claim form online, then it usually takes around 2-15 days of time to get the money in your bank account.

However, if you have submitted the claim form offline, then it usually takes around 20-30 days of time to get your money.

Now, what are the actions you have to take to resolve the issue of EPF Claim Settled but amount not credited? Let us do one by one.

# Check the NEFT Schedule

You must aware of the NEFT transfer schedule. For a detailed schedule of NEFT, refer to my earlier post “New NEFT Timings Effective from 10th July 2017“.

New NEFT Timings Effective from 10th July 2017

NEFT payment will not work during the bank holidays. Hence, you have to wait for the next immediate working day to know about the credit of the money.

If you are still unable to get the money in your bank account, then follow the below options.

 

# Check the Bank Details updated with UAN

Cross-check your bank details which are updated with UAN number. For this, you have to visit the UAN member portal. Then on Manage->KYC to see your details.

If you found anything wrong there, then EPFO will receive back such a failed amount within 4-5 days. However, it is your duty to immediately update the bank records.

To update or correct your bank details, submit the reauthorization letter to the Regional EPFO office offline with correct bank details, and canceled cheque leaf. After submitting the EPF re-authorization letter, it takes around 10-15 days to credit your EPF amount to the correct bank account.

Download EPF Reauthorization Form

Do remember that your employer attestation or Bank Manager’s attestation is also required. Once your bank details are corrected, then reapply for the withdrawal and let the EPFO process it.

Note:-Now you can update your bank details online. Refer my post “How to correct/update Bank details in EPF/UAN online?“.

# Complain with EPFO Grievance Cell Online

If you are still unable to get your money, then the next step is to complain with EPFO Grievance Cell Online. I have already written a post on this (Please refer “EPF Grievance Cell -Lodge EPF related complaints online“).

You can use an online grievance if you have a UAN number. On this platform, you can lodge the complaint and also track the status of the complaint. The timeline for resolution of grievance raised is 30 days.

# Use EPFO Social Media

Using EPFO Social Media accounts you can be in touch with EPFO. Better you first raise a complaint with EPFO Grievance Cell Online and then use the social media platform if the issue is not resolved. The social media accounts of EPFO are as below.

twitter.com/socialepfo

facebook.com/socialepfo

# Visit the regional EPFO Office

If the above mentioned all options are not working, then try to visit the concerned regional EPFO personally to know the delay or reason for your problem.

You can find the concerned regional EPFO by visiting the EPFO portal and then selecting the option Our Services->Employers->Establishment Search.

Hope by using the above methods you can get your EPF claim amount into your bank account. Please do share your experience by commenting. This will actually guide other readers of this blog.

Share

Tweet

Share

Pin

If you think older Americans have struggled to cope through the pandemic, think again. According to new research by financial services firm Edward Jones, they have actually been faring far better than their younger counterparts.

The Edward Jones and Age Wave Study focused exclusively on how different generations have held up emotionally and financially in the months since the lockdowns began, and some of its findings are at least as startling as how quickly even 70-year-olds came to love Zoom.

“COVID-19’s impact forever changed the reality of many Americans, yet we’ve observed a resilience among U.S. retirees in contrast to younger generations,” says Ken Dychtwald, Ph.D., the founder and CEO of Age Wave, a leading research think tank on aging, retirement and longevity issues.

While acknowledging upfront that the virus itself disproportionately struck aging adults, the five-generational sampling of 9,000 people, age 18 and over, reveals more than a few surprises. Among them:

• While 37 percent of Gen Zers, 27 percent of Millennials, and 25 percent of Gen Xers say they’d suffered “mental health declines” since the virus hit, only 15 percent of Baby Boomers responded likewise.

• Faring the best were those 75 and over – the Silent Generation that followed the so-called “Greatest Generation” – with a mere 8 percent of those respondents reporting any mental health deterioration. That would seem to run counter, as does the results for Boomers (age 56 to 74), to early warnings that prolonged social isolation made older adults especially vulnerable to depression, anxiety and cognitive decline.

• Nearly 68 million Americans have altered the timing of their retirement due to the pandemic, and 20 million have stopped making regular retirement savings contributions.

Dychtwald attributes the two older generations’ resilience to having “a greater perspective on life.”

“They’ve seen wars and other major disruptions before,” he says, “and they know that this, too, will pass. Younger generations feel like, ‘What happened to my life? I mean, I was supposed to go to college or I was starting a new job, and now everything has changed.’”

Most retired Boomers and Silent Gens also had monthly Social Security checks to fall back on. Which explains why – though the pandemic has significantly reduced the financial security of a quarter of Americans – younger generations were slammed the hardest: Nearly one-third of Millennial and Gen Z respondents characterize the impact as “very or extremely negative,” compared to 16 percent of Boomers and 6 percent of Silent Gens who admitted to similar hardship.

Looking for any silver lining that’s come out of the COVID-19 crisis?

Well, 67 percent of respondents did say it’s brought their families closer together.

“The pandemic has certainly thrown into sharp relief what matters most in our lives,” says Ken Cella, Edward Jones’s client services group principal. “And important discussions have taken place about planning earlier for retirement, saving more for emergencies, and even talking through end-of-life plans and long-term care costs.”

And with the study also showing that an overwhelming percentage of retirees yearn for more ways to use their talents to benefit society, financial services firm Edward Jones believes it’s time to redefine retirement more “holistically” to encompass what it calls “the four pillars” of health, family, purpose and finance.

Successfully addressing most of those pillars admittedly takes more financial savvy than many of us have, though, especially given ever-rising costs. But a financial advisor, such as a local one at Edward Jones, has the perspective, experience and empathy to help.