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In order to provide online facilities like PF claim settlement and meeting of KYC
norms to activate portable PF accounts, retirement fund body EPFO will extend
these to 2 lakh common service centres (CSCs). EPFO has decided to extend
services like Aadhaar seeding with Universal (portable PF) Account Number
(UAN), digital life certificate of pensioners, e-KYC operated upload and update
facility, UAN card-related and online claim service at two lakh CSCs of the IT
Ministry.
The pact on this prospective inked soon all Employees Provident Fund
Organisation (EPFO) and the IT Ministry, which will eventually help the body
operationlise all 7.84 crore UANs issued to subscribers.
According to the data available at EPFO website, as many as 2.93 crore UANs
have been activated by subscribers, which are now portable for life. UAN
account holders are not required to transfer their PF account on changing jobs.
EPFO has been experience the issue of slower activation of UAN accounts as
members are required hassle that online themselves. Since a abundance of
industrial workers are not tech savvy, they are not able to activate their UAN.
The extension of EPF service on two lakh CSCs will help technology challenged
industrial workers to complete the e-KYC norms and activate their UANs.
Besides they would allow settle the pension and PF withdrawals claims
eventually.
EPFO has planned to launch host of online services like settlement of PF and
pension claims this fiscal. But subscribers would support access these online
services only after activation of their UAN accounts.
A senior administrator said the decision was taken at the meeting of the panel,
CBT (EPFO) held last week.
The services expected provided under the pact will be Aadhaar card seeding
with UAN, digital life certificate of pensioners, eKYC operated upload and
update facility, UAN card related service and online claim service, it added.
The meeting also appoint the issue of generation of multiple UANs for a single
EPF member.
To consolidate multiple UANs, the member needs to direct PF transfer from
previous EPF account to the present EPF account, the official said.
So a system has been developed to identify such cases where the PF transfer
has been affected from one EPF account to another, both having different
UANs fit these EPF accounts, he explained.
All such identified UANs, from what place transfers have been affected
prospective deactivated and old UAN budding blocked for further use, the
official added.
DECLARATINONS OF QURIES
Question No.1 : What is the interest on PF Account Currently ?
The member of Employee provident fund balances earns interest as per the
annual percentage rate declared annually all government of India. Each year
the central government revise the interest rate assume revenues getting by
EPFO in previous twelve month period and for the calendar year 2012 - 13
prime rates on EPF is 8.50 %.( Read more....)
Question 3: After sending the withdrawal form to PF regional office so that you
did not receive any response from PF what will you do?
You can file complaint with PF Online or you can file Right To Information Act to
know the status about the application you sent of your withdrawal. (Read
more....)