Members of the Employees' Provident Fund Organization (EPFO) will be able to easily correct their personal information like name etc. This information was given by the Union minister on Saturday. The government has implemented reforms in EPFO, after which members will be able to easily change their personal information by going to the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital platform of EPFO.
EPFO members will be able to change the information themselves
Union Labor and Employment minister, Mansukh Mandaviya said, "EPFO has more than 10 crore beneficiaries, whenever a member had to make any change in his information with EPFO, he had to go through a long process, but now reforms have been implemented in EPFO. After this, members will be able to easily change their information themselves without any external help." All complaints will be resolved soon - Mansukh Mandaviya
Mansukh Mandaviya further said, "EPFO has received about 8 lakh complaints related to change in name and other information. With this change, all these complaints will be resolved soon." Apart from this, the Union minister said, "The government has also implemented reforms to simplify EPFO account transfer. Now members will be able to easily transfer EPFO account from one institution to another through an OTP. Earlier the process for this was quite long."
Rollout of Centralized Pension Payments System also completed
Earlier this month, EPFO had informed that it has completed the rollout of Centralized Pension Payments System (CPPS) in all its regional offices across the country. This will benefit more than 68 lakh pensioners. With this new system, beneficiaries will get the facility that they will be able to withdraw pension from any bank. Also, the beneficiary will not need to go to the bank for verification at the time of starting the pension. This step will be a relief for those pensioners who go to their hometown after retirement and spend the rest of their life there.
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