The Re-invented EPF will enable the subscriber
to
- Walk into any of the 260 EPF offices in the country,
insert a unique identity smart card i.e. social security
card into a kiosk and read his account balance on the screen.
- By paying a small fee (Rs.5) and inserting a coin into
the kiosk, he will be able to get a print out of his PF
account balance for the last completed month.
- The subscriber will be able to file any claim for early
withdrawal from the account or for final settlement at any
of the 260 offices across the country regardless of where
the subscriber was last enrolled.
- The turn around time as per Declared Service Standard
of EPF will be 2-3 days between the receipt of a claim and
the issue of a cheque and/or electronic credit of the amount
in the subscribers bank account.
- Change of jobs and/or location will not involve any transfer
of account from the previous office or employer and the
subscribers account will be accessible from any of the EPF
offices across the country. This will eliminate all transfer
delays.
- EPFO will maintain a subscriber-wise individual running
ledger account in real time that will credit interest on
monthly balance for each month.
- Regardless of who the employer is or where the worker
is working, including the highly mobile migratory construction
workers, the individual running ledger account of each worker
carrying the unique identity number (SSN) will remain constant
and accessible to such worker/member from any location or
EPF kiosk.
- Eventually EPF will extend the facility of EPF kiosks
to other public places and to locations within or close
to industrial estates and/or where there is concentration
of members to provide the facility any time, any place.
- The EPF will provide for electronic filing of claims of
members through employers in order to cut down the cost
and improve service and convenience for subscribers.
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