EPFO To Launch Aadhar Linked Services For PF Withdrawal And Pension Fixation, Says Its Chief

The Employees' Provident Fund Organization (EPFO) will soon launch a host of Aadhar linked services like PF withdrawals and pension fixation for its four crore subscribers to facilitate such faster transactions for their benefit, according to its Commissioner, Dr. V P Joy.

Inaugurating a Seminar on Employees' Provident Fund Organizations's initiatives - Simplification of EPF & MP Act and the Schemes framed there under, organized by PHD Chamber of Commerce and Industry, the Central Provident Fund Commissioner pointed out saying that at present, 1.5 crore subscribers of EPFO are seeded with Aadhar linked PF accounts and the challenge for the organization is to equip the remaining subscribers with this facilities for which all out efforts are being made so that it becomes effective by forthcoming March 31.

 

According to him, until 2011, the EPFO was largely manual driven and therefore, delay would be inevitable for both PF and pension subscribers for facilitating their transactions.

However, after 2011 onwards, with the facilitation of technology, the EPFO has begun to computerize most of its operations and now the time has almost come that this exercise is almost complete for PF and pension accounts for all its subscribers and if all goes well, the electronic Aadhar linked transactions for all EPFO subscribers would happen electronically to enable them conclude such transactions without any legwork latest by March 2017.

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