1 week ago
3
ARTICLE AD BOX
The Employees' Provident Fund Organisation (EPFO) has introduced a caller feature, "Passbook Lite," connected its subordinate portal, aimed astatine giving employees a simplified, single-window presumption of their provident money accounts.Union labour & employment curate Mansukh Mandaviya said the determination is portion of a bid of reforms designed to "improve transparency, trim grievances, and heighten subordinate satisfaction," ET reported.
What is EPF ‘Passbook Lite’?
With the "Passbook Lite" feature, members nary longer request to log successful separately to the passbook portal. Instead, they tin present spot a summary of contributions, withdrawals, and their moving equilibrium straight wrong the EPFO subordinate portal.The PIB merchandise stated, "This attack ensures greater easiness of entree for members portion simultaneously enhancing the operational ratio by reducing the load connected the existing Passbook Portal and simplifying the architecture done integration of existing APIs wrong the subordinate portal. The absorption of this betterment is connected providing each cardinal services done a azygous login for greater easiness of access. The inaugural is expected to trim grievances, amended transparency, and heighten subordinate satisfaction.
"
What types of benefits volition members see?
When employees power jobs, their PF equilibrium is transferred to the caller employer’s relationship via Form 13. Earlier, the transportation certificate (Annexure K) was exchanged lone betwixt PF offices and fixed to members lone connected request.Now, members tin straight download Annexure K successful PDF format from the portal whenever needed. "Members tin besides way the presumption of transportation applications online, ensuring afloat transparency and confirmation that PF equilibrium and work play are correctly updated," Mandaviya added.This creates imperishable integer records for aboriginal reference, which are captious for EPS (Employee Pension Scheme) payment calculations.Currently, assertion approvals for PF transfers, advances, oregon refunds required clearance from elder officers similar RPFCs (Regional Provident Fund Commissioners), starring to agelong delays. To tackle this, EPFO has present delegated powers to Assistant PF Commissioners and lower-level officers.Mandaviya said this would bring "shorter processing times, improved accountability astatine the tract level, and faster, seamless services for members."
According to ET, with these reforms EPF subscribers tin present expect:
- Quicker assertion settlements acknowledgment to a streamlined support process.
- Greater transparency successful PF transfers, with real-time tracking of applications.
- Simplified relationship access, arsenic services similar Passbook Lite and Annexure K are disposable nether a azygous login.
- Permanent integer records for pension and work validation successful the future.
- Better work transportation with reduced dependence connected higher-level clearances.
