Source | The Economic Times
NEW DELHI: In order to provide online facilities like PF claim settlement and meeting of KYC norms to activate portable PF accounts, retirement fund body EPFO will extend these to 2 lakh common service centres (CSCs).
EPFO has decided to extend services like Aadhaar seeding with Universal (portable PF) Account Number (UAN), digital life certificate of pensioners, e-KYC operated upload and update facility, UAN card-related and online claim service at two lakh CSCs of the IT Ministry.
The pact on this would be inked soon by the Employees’ Provident Fund Organisation (EPFO) and the IT Ministry, which will eventually help the body operationlise all 7.84 crore UANs issued to subscribers.
According to the data available at EPFO website, as many as 2.93 crore UAN’s have been activated by subscribers, which are now portable for life. UAN account holders are not required to transfer their PF account on changing jobs.
EPFO has been grappling with the issue of slower activation of UAN accounts as members are required to do that online themselves. Since a large number of industrial workers are not tech savvy, they are not able to activate their UAN.
The extension of EPF service on two lakh CSCs will help technology challenged industrial workers to complete the e-KYC norms and activate their UANs. Besides they would be able to settle the pension and PF withdrawals claims eventually.
EPFO has planned to launch host of online services like settlement of PF and pension claims this fiscal. But subscribers would be able to access these online services only after activation of their UAN accounts.
A senior government official said the decision was taken at the meeting of the Executive Committee, CBT (EPFO) held last week.