Retirement fund body EPFO has thought we would make all
expenses to its beneficiaries as a result of electronic mode from September
this coming year, including provident account claims.
"The Employees' Provident Deposit Organisation has
thought we would make 100 percent e-payment of gains by August thirty-one,
2014, " a new senior EPFO
He said at present around 93 percent of the gains are
transferred as a result of electronic mode. Beneath this facility, the benefits
such as PF withdrawals usually are directly credited on the beneficiaries'
account without cheque or financial institution draft is issued.
In the found scenario, EPFO settles around one crore claims
in a very financial year. It has settled 1. 7 crore subscriber claims,
including withdrawal and transfer of provident account, in 2013-14, an
expansion of 13 percent over the past year.
"Thus, making payment as a result of electronic mode
won't improve the efficiency with the EPFO, but it will also reduce the
unwanted paperwork for giving cheques to beneficiaries, inches he opined.
Apart from settling claims, the EPFO creates payment to all
around 44 lakh pensioners monthly. It is digitising it's pension data with the
aim and will possess a centralised data program.
The digitising regarding pension data work is required to be
completed in three to four months.
The official explained that among other making EPFO
transactions paperless, the employers acquiring account in banks apart from
State Bank of India can pay PF dues online from September.
At present, employers having account in SBI, can pay PF dues
online.
According to your ex, all this digitisation process is aimed
at making EPFO products and services at par along with core banking services
supplied by the banks.
EPFO can also be contemplating providing long term or
universal account number going without running shoes all active customers by
October this coming year.
After COMPLETE DIGITALISATION nobody will visit the EPFO Offices.
ReplyDeleteThen HOW CAN THE EPFO Staff MAKE THEIR MOOLAH?
POOR EPFO STAFF will be crying for those days when they could make the PF Pensioners DANCE to their tunes of MONEY-MAKING Rackets demanding this FORM and that CORRECTIOn and so on
But ofcourse there is many a slip between the cup and the lip of "PAPERLESS EPFO"...those CHORS can subvert a good scheme
DeleteIt improves the efficiency of the EPFO staffs as well. Because, they dont need to face much people and they can work faster than earlier. Also, this is not completely going to Stop the People from visiting EPFO. Still, if there is any issues in EPFO Payment, we have to visit the office only.
ReplyDeleteRest assured that these buggers in EPFO will create a situation where they will simply say "Amhi Kaay karu" where due to some technical non-issue one can neither do the so-called "ONLINE" txn of CLAIMS NOR will these CHORS HELP saying simply "Te SARVA ONLINE AAHE. Amchi Kaay karu shakat nahi" and make U run from Pillar to Post.
Delete