Permanent provident deposit (PF) account variety, which will
help over five crore EPFO members to reduce the process connected with
transferring their accounts on changing work, will be a fact in 2014-15.
The permanent PF accounts number would in addition help
provide cultural security benefits in order to workers in significant like
construction where by they change contractors and workplace frequently.
According towards the 'Action Plan' handed over by the
Labour Ministry towards Employees' Provident Fund Organisation (EPFO), the body
has to do place a technique for unique employee number which will eventually
make its facilities at par with core banking support.
"The EPFO is working away at the system to deliver
permanent account numbers to its customers. It is not difficult to provide that
facility in 2014-15, " a top EPFO official explained.
To provide everlasting PF account numbers to subscribers,
EPFO should set up a new central server which will be connected in order to its
all 123 field offices.
At found, the EPFO subscribers have to apply for move of PF
accounts on changing work. They are provided a whole new PF account number each
and every time they change work.
The retirement fund body has recently started the service of
online move of PF accounts on changing work in October last year.
However, there are a sizable number connected with PF
transfer states, which are filled out manually because all firms covered by
EPFO have not registered their a digital signatures, which is a prerequisite
for the internet facility.
The facility connected with online transfer connected with
PF accounts has reduced the effort load of EPFO considerably as over 13 lakh
people are filed pertaining to such claims yearly.
The EPFO desires 1. 2 crore states in 2013-14, as well as
around 13 lakh PF move claims. During 2012-13, the item settled 107. 62 lakh
claims, 88 percent of which had been processed within thirty days, as
prescribed because of the body's citizen constitution.
Problem is these PROVIT FUND Buggers will always have the "excuse" the Employers have not filled/sent so and so record or Form,etc.And that's it.No more ON-LINE.
ReplyDeleteWhat is the use of PF Permanent Nos if they cannot help one get his ONLINE Passbook/PF Slips that have been promised by these chapos only on Paper.