Outcome of 67th EPFO Foundation Day

Shri Santosh Kumar Gangwar, Minister of State (I/C) for Labour and Employment launched 3 Apps: UAN REGISTRATION, E-INSPECTION AND DIGI LOCKE, developed by Employees’ Provident Fund Organization (EPFO) at its 67th Foundation Day here today. Speaking on the occasion Shri Gangwar said that these Apps will immensely enhance the Ease of Doing Business and promote transparency in the working in the EPFO

The details of three important digital initiatives of EPFO are as under:

 

Online Facility for UAN generation by worker: Now any workers can obtain Universal Account Number (UAN) directly on EPFO website which enrolls them for PF, Pension and Life Insurance benefits and a worker need not depend on his employer alone for UAN

EPS Pensioner’s PPO in DigiLocker website/Application (APP) EPFO integrates with DigiLocker of NeGD to create depository of electronic PPOs which is accessible to individual pensioners. This is a move towards paperless system and ease of living for pensioners.

e-Inspections: Digital interface of EPFO with employers: The E-Inspection Form would be available in user login of employers not filing ECR which enables employer to inform either closure of business or unpaid dues with proposal for payment. It will nudge employers for compliant behaviour and prevent undue harassment of non-wilful defaulters and eliminate inspector raj.

 

Appreciating the enormous amount of operations of EPFO, he said that EPFO is the biggest social security organization of the world covering around six crore active members and 65 lakh pensioners and maintaining around 22 crore accounts of workers with a fund of approximately 13 lakh crore. EPFO is giving better interest rates to it’s subscribers which was recently enhanced upto 8.65%.

Source: PIB

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