EPF Subscribers Will Not Have To Worry About Account Transfer On Job Change: Here’s Why
In its meet held on Saturday (November 20, 2021), the Employees’ Provident Fund Organisation- EPFO’s CBT has given a go-ahead for developing centralized IT-backed systems by the Centre for Development of Advanced Computing (C-DAC).Consequently, henceforth EPF members will not have to worry about account transfer as their EPF a/c number shall continue to be the same even on job change.
“Post this, the field functionalities will move on a central database in a phased manner enabling smoother operations and enhanced service delivery.The centralized system will facilitate de‐duplication & merger of all PF accounts of any member.It will remove the requirement of transfer of account on change of job”, said the retirement fund body’s release that listed out the key decisions that were taken by Central Board, EPF.
During the meeting, Chairman, CBT released a booklet titled ‘Response to Covid – 2.0.’ The booklet is an effort to encapsulate the preparedness of EPFO to innovate and deliver uninterrupted services to its stakeholders during the difficult time of Covid-19 pandemic.The booklet is the second in the series, first version was released in the 228th CBT meeting held in March 2021 at Srinagar.
Another booklet titled ‘Nirbadh: seamless service delivery.’ This booklet is a compilation of initiatives taken and strategies adopted by EPFO towards successful digital transformation from ‘EPFO to e-EPFO’ over the last three years.These efforts have enabled EPFO to move towards digitally interacting paperless organization, thereby enhancing ease of living for all its stakeholders.