EPFO brings in more reforms aimed at enhancing efficiency, transparency and ease of living: Mansukh Mandaviya

In a movement aiming to increase operational efficiency and ease of life for more than 75 million subscribers, the employee reserve fund organization (EPFO) has access to all key services and rehearsal fund account details using a single entry in the portal of the members.

In addition, the retirement fund organ on Thursday, said in a statement, the request to quickly monitor the process of reconciliation and reduce the approval hierarchy and rationalizing, he said.

EPFO introduced a new facility in the Member Portal to enable members to easily check the member portal without having to go to the Passbook portal and easily control the summary appearance of the member portal itself through the contribution, withdrawal and balance.
“This initiative is expected to reduce complaints, increase transparency and increase member satisfaction,” he said.

“This approach increases the operational efficiency at the same time by reducing the burden on the existing part book portal and simplifying architecture through the integration of existing APIs into the member portal, it provides more access to members while at the same time.

According to the minister, the multi -layered approval process often led to delays and longer trading periods for the claims of the members. In order to address this, EPFO ​​has previously raised the approval hierarchy that the regional precautionary fund commissioner (RPFC) or the authority based on the responsible officer is now structured in a way structured to PF commissioners and lower levels. Adjustments.

“This is expected to provide users with faster demand settlements and less processing time; Simplified confirmation layers for softer service delivery;

In addition, EPFO ​​also presented an online access facility to Annex K (transfer certificate) to increase transparency in case of PF transfer.

So far, the additional K has been shared only among PF offices and presented to members only on their demands. The amendment will allow members to download Annexure K directly from the member portal.

“This will help members monitor the status of transfer applications online, provide full transparency, and allow members to confirm PF transfers easily,” he said.

In addition, the Member will also be able to confirm that the PF balance and service period are correctly updated in the new account, and that it can keep a permanent digital recording, which is important for EPS (Employee Pension Scheme) benefit calculations.

“This will increase the ease of life, transparency and confidence in EPFO ​​processes,” he added.