e= EASIER SOCIAL SECURITY (EPFO )
PORTABILITY THROUGH UNIVERSAL ACCOUNT NUMBER (UAN) FOR EMPLOYEES PROVIDENT FUND
- Digitization of complete database of 4.24cr EPF subscribers and allotment of UAN to each member.
- UAN is being seeded with Bank Account, Aadhar Card and other KYC (Know Your Customer) details to promote financial inclusion.
- Employees' EPF accounts to be updated monthly and members informed via SMS.
- Direct access to EPF accounts; will enable members to access and consolidate previous accounts.Online pensioners can view their account and disbursement details online
Additionally:
- An Online Transfer Claims Portal (OTCP) has been launched to facilitate transfer of member accounts after a job change.
- Online registration of establishments with EPFO 26,696 establishments registered online as on 1.1.2015
- Software launched to allow exempt establishments to file Statutory Returns online.
- Establishments can remit statutory EPF dues electronically from any of the 58 banks via which payments are made; the 58 include all major banks in India.
- All payments (100%) to pensioners and 98% of other payments to members are made electronically.
