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Bloomberg Quint

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Image Credit: Bloomberg Quint

EPF Claim Rejected? KYC Issue, Name Mismatch And More — Experts Decode Challenges Around PF Withdrawals

  • EPF claims getting rejected is a common issue, with rejection rates at 25% for partial withdrawals and 30% for full withdrawals.
  • Reasons for rejection include issues like KYC discrepancies, name mismatches, lack of grievance redressal system, and outdated systems within the Employees' Provident Fund Organisation.
  • Experts point out that pension-related issues, discrepancies in PF contributions by employers, and incorrect KYC information are common reasons for claim rejection.
  • Many individuals are unaware of their eligibility for partial withdrawal amounts, further complicating the EPF claim process.

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