EPFO mandates PF, pension claim settlement within 20 days — What to do if it's delayed?

EPFO must settle PF, pension, and insurance claims within 20 days under new schemes notified June 29, 2026.

Delayed settlements incur penal interest at 12% per annum, recoverable from the Commissioner's salary.

The new schemes fix penal interest at 12%, unlike the earlier provisions linked to the declared EPF interest rate.

Employees can escalate delayed claims through EPFO's grievance redressal mechanism.