Good news for EPF subscribers! Three news apps have been launched for the benefit of EPF subscribers. Santosh Kumar Gangwar, Minister of State (I/C) for Labour and Employment launched three new apps on Friday. The three apps- UAN Registration, e-Inspection and Digi Locker are developed by Employees' Provident Fund Organization (EPFO) and were launched at its 67th Foundation Day.
Speaking on the occasion, Gangwar said that these apps will immensely enhance the Ease of Doing Business (EODB) and promote transparency in working of the EPFO. He further said that they have used information technology in a big way for better service delivery to members and providing online transfer of the provident fund (PF), online claim settlement, providing digital lockers for keeping documents in digital form.
Now, if your EPF account is linked with Aadhar then, withdrawal of funds is very easy. A time limit of 10 days has been fixed for claim settlement.
Here's all you need to know about the new apps:
1. Online facility for UAN generation: Now, any worker can obtain Universal Account Number (UAN) directly on EPFO website which enrolls them for PF, pension and life insurance benefits and a worker need not depend on his employer alone for UAN. This is in the direction of ease of living and ensuring universal social security.
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2. EPS Pensioner’s PPO in DigiLocker website/Application: EPFO has integrated with DigiLocker of NeGD to create a depository of electronic PPOs which is accessible to individual pensioners. This is a move towards paperless system and ease of living for pensioners.
3. e-Inspections (Digital interface of EPFO with employers): The e-Inspection Form would be available in user login of employers not filing ECR which enables the employer to inform either closure of business or unpaid dues with a proposal for payment. It will nudge the employers for compliant behaviour and prevent undue harassment of non-willful defaulters and eliminate inspector raj.
It may be noted that EPFO is the biggest social security organization of the world covering around six crore active members and 65 lakh pensioners and maintaining around 22 crore accounts of workers with a fund of approximately 13 lakh crore. Also, EPFO is giving better interest rates to its subscribers which was recently enhanced up to 8.65%.
Speaking on the occasion, Gangwar said that these apps will immensely enhance the Ease of Doing Business (EODB) and promote transparency in working of the EPFO. He further said that they have used information technology in a big way for better service delivery to members and providing online transfer of the provident fund (PF), online claim settlement, providing digital lockers for keeping documents in digital form.
Now, if your EPF account is linked with Aadhar then, withdrawal of funds is very easy. A time limit of 10 days has been fixed for claim settlement.
Here's all you need to know about the new apps:
1. Online facility for UAN generation: Now, any worker can obtain Universal Account Number (UAN) directly on EPFO website which enrolls them for PF, pension and life insurance benefits and a worker need not depend on his employer alone for UAN. This is in the direction of ease of living and ensuring universal social security.
2. EPS Pensioner’s PPO in DigiLocker website/Application: EPFO has integrated with DigiLocker of NeGD to create a depository of electronic PPOs which is accessible to individual pensioners. This is a move towards paperless system and ease of living for pensioners.
3. e-Inspections (Digital interface of EPFO with employers): The e-Inspection Form would be available in user login of employers not filing ECR which enables the employer to inform either closure of business or unpaid dues with a proposal for payment. It will nudge the employers for compliant behaviour and prevent undue harassment of non-willful defaulters and eliminate inspector raj.
It may be noted that EPFO is the biggest social security organization of the world covering around six crore active members and 65 lakh pensioners and maintaining around 22 crore accounts of workers with a fund of approximately 13 lakh crore. Also, EPFO is giving better interest rates to its subscribers which was recently enhanced up to 8.65%.
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