EPF claim status – shown payment under process
If in case you have checked your claim or withdrawal status online recently, it shows as “claim has been approved, payment is under process.” here you can get rid of confusion.Sponsored Links:
The claim has been approved, payment is under process meaning?
After successful application and submission of EPF withdrawal, they can check their status on the official websites where they get the below message as “Claim has been approved. Payment is under process” it states that the EPFO has successfully received your submitted claim and only the payment is yet to be clear.
Presently, EPFO is making all claim settlements through NEFT (National Electronic Fund Transfer). But previously EPFO used to have DD cheque payment, at that time you used to get the following messages when a claim was settled –
- “PF settlement claim id approved for payment through cheque. Payment under process”
But now EPFO is doing claim settlement through NEFT so you will get the following msg once EPFO send your money to your bank account –
- Claim Form 10c (EPF withdrawal/ SC)(withdrawal Benefit/scheme certificate) claim id – GRVSP151100xxxx2 Member id – GRVSP006xxx300000876 has been settled. payment sent via NEFT on 21-Dec-2017
You will receive the same msg from for Form 19 also, both PF amount and pension amounts will be credited to your bank account within 2-3 hours. Actually, the maximum time for NEFT payment is 1 to 24 hours, but in EPFO case it takes more than 2-3 days.
So, whenever your EPF claim status shows payment under process it means your claim was in process, once EPFO sends money to your bank account then you will receive a message that claims settled, money sent to your bank account by NEFT.Sponsored Links:
Sometimes EPF members will not get money due to wrong bank account details which they have given to EPF during the claim process, in this case, they have to submit a PF reauthorization letter with correct bank account details to EPFO, after submitting the letter, and you will receive your PF account within 10-15 days.