New Delhi : Retirement fund body EPFO on Wednesday said it will inform its subscribers if contributions are not deposited by their employers with the body for a given month in due time. At present, Employees’ Provident Fund Organisation (EPFO) only informs about the credit of contribution to subscribers account by SMS/email to registered universal (EPF) account number holders.
“The members whose contributions are not deposited in time remain uninformed. In order to bring more transparency, it has been decided that an intimation by way of SMS/email shall be sent to members (who have registered their Mobile Number / email ID against respective Universal Account Number) in respect of whom contribution has not been deposited by the employer with EPFO for a given month in due time,” an EPFO statement said.
According to the statement, the EPFO has so far been intimating its members by way of SMS on credit of their respective monthly contribution into their accounts. Now, it said that the credit information is available through e-passbook online and UMANG mobile App as well as through missed call service for all members.
New member registration hits 4 month low
New Delhi: Job creation slowed down in non-farm sectors in February as new member registrations with the EPFO for its various schemes declined to a four-month low of 4,72,075 during the month, according to the monthly data released by the retirement fund body on Wednesday. As many as 6,04,557 such members were registered in January 2018 and 5,57,633 in December 2017, the latest data by the EPFO about all non-zero contributors or new members that are registered with the body every month showed.