What it means for 7 crore subscribers?
Currently, members must log in to the EPFO Passbook portal to check their supply fund contributions and transactions containing progress or withdrawal transactions.
EPFO introduced a new facility called ‘Passbook Lite’ on the member portal for the Seven Crore subscriber. Union Labor Minister Mansukh Mandaviya said in a statement on Thursday, that subscribers will now receive all lock services and the members of the members of the ‘Employee’ Specialization Fund ‘account will access the account details. Currently, members must log in to the EPFO Passbook portal to check their supply fund contributions and transactions containing progress or withdrawal transactions.
What is Passbook Lite?
This feature will enable members to easily control the summary appearance of the relevant summary appearance of the equilibrium, withdrawal and equilibrium, without having to go to the Passbook portal. The Minister is expected to improve his user experience by providing all important services, including Passbook access through an introduction.
Comprehensive view of Passbook details
For a comprehensive appearance of the episode book details, including the graphic screen, members may also continue to access the existing Passbook portal. This approach provides more access to members by reducing the load on the existing Pascound portal and simplifying architecture by simplifying architecture through the integration of existing APIs in the member portal.
Reason behind the launch of litely litbook
The focus of this reform is to provide all important services through a single entry for further access ease. The initiative is expected to reduce complaints, increase transparency and increase member satisfaction.
Online access to the transfer certificate
The Minister also presented an online access facility to the EK K (Transfer Certificate) for PF transfer transparency. Members can download Annexure K directly from the member portal in PDF format. Currently, when employees change jobs, PF accounts are transferred to the new employer’s PF office via Form 13. After the transfer, a transfer certificate (Annex K) is created by the previous PF office and sent to the new PF office.
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Existing rule
Currently, EPFO services such as PF transfers, settlements, progress and repayments require approval from senior officers (RPFC/responsible officer). This multi -layered approval process often led to delays and longer trading periods for members’ claims.
