EPFO to launch Aadhar-linked services by March 2017
| Sep 30, 2016 06:12 pm
New Delhi: The Employees’ Provident Fund Organisation (EPFO) on Friday said it will launch a host of Aadhar-linked services like Provident Fund (PF) withdrawals and pension fixation by March 2017 for its four crore subscribers to facilitate faster transactions.
“With the facilitation of technology, the EPFO has begun to computerise most of its operations and now the time has come that this exercise is almost complete for PF and pension accounts for all its subscribers,” EPFO Commissioner V.P. Joy said here.
“If all goes well, the electronic Aadhar-linked transactions for all EPFO subscribers would enable them conclude such transactions without any legwork latest by March 2017,” Joy said.
He was speaking at a seminar on Employees’ Provident Fund Organisations’s initiatives — Simplification of EPF and Miscellaneous Provisions Act and the schemes framed under it.
“At present, 1.5 crore subscribers of EPFO are seeded with Aadhar-linked PF accounts and the challenge for the organisation is to equip the remaining subscribers with these facilities for which all out efforts are being made so that it becomes effective by forthcoming March 31,” Joy added.
He said that until 2011, EPFO was largely manually driven and, therefore, delay would be inevitable for both PF and pension subscribers for facilitating their transactions.