Source | The Times Of India
NEW DELHI: Retirement fund body Employees’ Provident Fund Organisation (EPFO) will go paperless by August next year as part of Digital India initiative, which would improve delivery of services for its five crore subscribers.
This will be a big boom for the formal sector workers as well as their employers. The online facility would help the EPFO do away with the public interface for reducing chances of corruption and public harassment.
“The EPFO has set a target. We have decided to make electronic paper-free organisation by next the Independence Day where all services will be provided electronically (through online or mobile handsets),” Central Provident Fund Commissioner V P Joy said after flagging of a Trinaga Yatra.
Joy also talked about the EPFO’s housing scheme where the body provides facility to make down payment to buy home and pay equated monthly instalment through their EPF accounts.