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EPFO to link Aadhar card in various services like PF withdrawal and pension
Posted on: 03/Oct/2016 12:38:29 PM
The Employees` Provident Fund Organization (EPFO) has decided to link Aadhar card in various services like PF withdrawal and pension fixation for its subscribers by the end of the current fiscal year. For the convenience of PF subscribers many procedures are being simplified.
EPFO Central Provident Fund Commissioner V P Joy said: The Employees` Provident Fund Organization will soon launch a host of Aadhar-linked services like PF withdrawals and pension fixation for its subscribers to facilitate such faster transactions for their benefit. At present, 1.5 crore EPFO subscribers` EPF accounts are seeded with Aadhaar and the challenge for the organization is to equip the remaining 2.5 crore subscribers with these facilities for which all-out efforts are being made so that it (online service) becomes effective by March 31, 2017.
Another senior EPFO official said: The retirement fund body is likely to complete the work to operationalise a central data server for its over 120 regional offices in the next two month.
Online services
EPFO has already provided a facility for online transfer of PF accounts on changing jobs to its subscribers. EPFO Central Provident Fund Commissioner V P Joy while speaking about this said: EPFO was largely manual driven until 2011 and therefore, delay would be inevitable for both PF and pension subscribers for facilitating their transactions. However, with the help of technology, EPFO began to computerize most of its operations after 2011, and now this exercise is almost complete for PF and pension accounts for all its subscribers, The electronic Aadhaar-linked services would help EPFO subscribers perform such transactions electronically without any legwork after March 2017.
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