PF, pension withdrawal may soon be only a click away

The EPFO is developing two apps for pensioners and PF subscribers.

The cumbersome procedure to withdraw provident fund or pension will likely come to an end soon, with the EPFO developing two new softwares (apps) to make the entire process digital.

One of the softwares will be for PF subscribers and the other, for pensioners.

The government is also planning to get all the regional offices on board with its new system, to make sure that PF and pension subscribers no longer have to go to the offices to get details and updates about PF.

Zee Business said that the app will also let you apply for a loan with the EPFO and the entire process will be possible without visiting the regional office.

The EPFO expects to roll out the apps in the next two months.

The new apps, will completely take out old employers from the equation.

Under the current system, to withdraw the PF, it is necessary to fill the form 10 c and Form 19. Your old employer will then verify all the details and send it to the EPFO. The entire procedure takes about 15 days, longer, if any details are amiss.

The EPFO is currently matching the Universal Account Numbers and digital signatures of its subscribers to with the rest of their details to create an online database. A notification has been issued for this. In this, if you want to withdraw your PF, then you can fill the online forms and EPFO will verify it with the digital data and deposit money into your bank account. The middle man, or your employer, will be eliminated.

On the new software, app, information about the company and employee will be made available.

The new apps will also double up as a customer grievance platform. It will be possible to file complaints on the app. It will also give you updates on the actions that are being taken on your complaint only by providing the complaint number.

Source: http://www.dnaindia.com/money/report-pf-pension-withdrawal-may-soon-be-only-a-click-away-2257952

EPFO to facilitate pledging of PF for buying low-cost homes by next year

The Employees Provident Fund Organisation (EPFO), the retirement fund body, will allow subscribers to pledge their provident fund against monthly installments of loans for buying low-cost houses beginning next fiscal, reports quoting EPFO sources said.

"We are working on a housing scheme for the subscribers of the Employees' Provident Fund Organisation (EPFO). We can launch the scheme in 2017-18 after introduction of our online service like settling PF withdrawal claims by March-end," PTI quoted Central Provident Fund Commissioner V P Joy as saying.

The scheme will enable subscribers to pledge their PF corpus to buy homes and pay home loan EMIs through their EPF Account, says the report.

As per the proposed scheme, there will be a tripartite agreement among the member, the bank / housing agency and the EPFO for pledging future PF contributions as EMI payment.

A committee appointed by the EPFO had last year suggested such a scheme for low income EPFO subscribers who could not otherwise buy a house during their service period.

The proposal for facilitating the EPFO subscribers to buy low cost homes was also listed on the agenda of the CBT meeting held on 16 September last year.

The report of the committee was also  presented to the trustees during the meeting.

The committee has unanimously recommended that subscribers be paid an advance from the accumulated fund to subscribers for booking the houses and allow to pledge their future PF contribution against loans from banks or housing finance companies as EMI payment.

It may be noted that labour minister Bandaru Dattatreya had told Lok Sabha in a written reply in May that the government was exploring the possibility for providing a suitable low-cost housing scheme for subscribers of Employees' Pension Fund.

It is likely that the benefits under the scheme of ministry of housing and urban poverty alleviation will also be extended to the beneficiaries of the scheme.

Source: http://www.domain-b.com/industry/Real_estate/20161003_facilitate.html

EPFO to deactivate, block one of Universal Account Numbers to avoid duplication

The Employees’ Provident Fund Organisation (EPFO) has decided to deactivate all Universal Account Numbers  (UANs) from which provident fund transfer has been effected to another PF account having different UAN. The earlier UAN would be simultaneously blocked for further use. The move will eliminate the problem of duplicate UAN.

In a communication to all its offices on Wednesday, Jag Mohan, Additional Central Provident Fund Commissioner, EPFO, has said that the process would be implemented in respect of all identified UANs even when no request has been received from the member.
It has said that the member would be informed of the deactivated status of his previous UAN by SMS to the registered mobile number. The member would be requested to activate the new UAN to get the updated status of his EPF account.

The EPFO has said that though UAN have been allotted legitimately i.e. under the prescribed criteria, there have been cases where duplicate UANs have been issued. This could be due to the fact that at the time of initial allotment, the employer has not furnished the date of exit in the ECR (electronic challan cum return) even if the member has left the employment and joined some other establishment. Thus, two UANs have resulted to such members for both the employments. Secondly, at the time of joining the present employment, a new UAN has been allotted to the member due to wrong declaration by member/employer under the UAN programme.

EPFO has asked it offices to identify such cases on periodic basis where the PF transfer has been effected from one EPF account to another, both having different UANs attached to these EPF accounts.

However, it has said that there is a possibility of arrear payment by the previous employer for the member. In such cases, since the system knows the new UAN against deactivated UAN, the system would automatically populate the new UAN in the ECR (on punching of previous UAN or member ID by the employer) and the statutory contribution by the employer against the arrears can be remitted against new UAN only.

Source : http://www.financialexpress.com/personal-finance/epfo-to-deactivate-block-one-of-universal-account-numbers-to-avoid-duplication/384934/

EPF Establishment Information Search

Hello,

If you are not aware of your PF establishment/Company number, then follow the below steps to know your establishment.You have three options to check the establishment data 

1. Establishments under old Office Code
2. Establishments under Office
3. Show all estt. under this PIN Code

Using option 1 if you select radio button, it will show you list of states select the state and click on search it will display the results 

  if you know the establishment name then you can provide the name also and click on search.

Search using Establishments under Office

select 2 radio button and select the city where your PF account exists and click on search button, companies/establishments related that city will be displayed on your screen. If you know the company/establishment name, you can provide that in establishment name box.

Search establishment/company based on pin code, here you can provide pin code it will automatically displays the establishments/companies under this

Example: if you want to know the capgemini establishment in pune location, you can search by selecting pune location (2 option) and provide the establishment name in the establishment input box and click on search button below results will be displayed.

Source: http://search.epfoservices.in/est_search.php
http://www.epfindia.com/site_docs/PDFs/MiscPDFs/EsttSearch_Help.pdf

Facility to Consolidate Multiple PF Accounts of an Employee

Hello

Employees' Provident Fund Organisation, India has introduced new facility which will club all your EPF account into one consolidated account, the program name is One Employee - One EPF Account

once we open the form, page will displayed

Facility to Consolidate Multiple PF Accounts of an Employee

there you need to provide Mobile number, UAN number and EPF account number details, once you click on Generate OTP, otp will received on mobile number then you can proceed further. 

EPF - Online transfer using member portal

Hello,

Below is the process to transfer your EPF account from one organization to another using member portal. Below are the steps to transfer the EPF

Step 1: Please login to the following link member-claims-portal

Step 2: Not yet member of member portal? following is the process - click on Register link

Once you are done with registration, please login to the member portal (mentioned in step 1). You will be displayed with member portal home page.

In the home page, click on CLAIM tab/link and click on REQUEST FOR TRANSFER ACCOUNT, page will be redirected to transfer form

Fill the required details like previous employer pf number etc, once you fill the pf number your details will be auto populated and you can cross verify whether the details are correct or not? If the details displayed are correct, you can enter the new organization details and click on claim. Your claim will processed by the pf office and the transfer will be completed with in 1 month. 

Step 3: To Check the claim status click on VIEW STATUS OF TRANSFER CLAIM

Latest online process of EPF transfer made our job easy and also its reduced the paper work.

Off-course we have another option, while joining into new establishment we can provide the previous employer EPF number your new employer will tack care of the transfer process.

PF Withdrawal - waiting from long time?

Hi Guys,

If you are applied for EPF withdrawal and waiting since long time for money. Try the below steps

Visit following site : epfigms and raise grievance request by provide required details, below are screen shots 

Click on REGISTER GRIEVANCE LINK

Fill the required details and submit the request, with in 10 days they get back to you about the status.
You can check the status from the below link

View Status

If your not satisfied with the given status by EPF employees (off-course they will not give perfect information :)  ). 

If your not satisfied with the status, Please follow the below step, i am sure you will get your money with in 10 days. trust me i have done the same

Visit RTI online site

Click on Submit Request Link

Fill the required details and pay 10/- through online, you will get request id for tracking purpose. Keep checking the status of you PF. within 10 days you will get response for your RTI request.