By Admin 
The government has taken a big decision for PF account holders. EPFO offices in the country will be converted into ‘Single Window Service’ centres. PF account holders will benefit greatly from this change. Till now account holders had to visit their regional office to solve any problem, but now they can solve their problems by visiting any regional office.
Union Minister Mansukh Mandaviya has also given information regarding this at the inauguration of EPFO’s Provident Fund Building. He has told that EPFO offices will be changed on the lines of passport offices and a single window system will be started there. The trial of this system has been started in Delhi.
What was the rule before?
Earlier the rule was that in case of any kind of problem, the account holders had to go to the same regional office with which their institution is associated. However, after the new changes, everything in this system will be digital only. This will mean that any person will now be able to get all his work and problems solved easily by going to his nearest EPFO office. A new mechanism of EPF facility provider will be launched for those employees who face difficulty in working properly in the digital system. Their job is to help these employees in settling claims. This facility provider will act as a bridge in a way.
benefits derived from it
If any person comes back after working from outside, now his money will not be lost but he will be able to withdraw his deposit even after returning to India. For those employees whose money is stuck for years, the government will now do KYC verification for the employees in mission mode. Those who have an account or have children will be identified and their rightful money will be returned.
Mandaviya said that in 2014, where only 19 percent of the population was given social security, today it is 64 percent. After China, India is the largest country in the world, where 94 percent of the people come within the social circle in some way or the other.
What will be the difference between before and now?
- Where earlier you had to go to the branch office, now you can go to any EPFO office and get this work done.
- Earlier you had to trust the broker or do the work yourself, now you will be guided by the EPF facility provider to guide you.
- Instead of your money getting stuck after KYC, your KYC will be done immediately with the help of digital platform.
- Apart from this, under the agreement, PF deducted abroad will also be returned upon coming to India.
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