11 years, 7 months ago

EPFO working on new universal number

Employees’ Provident Fund Organisation on Monday said they are working on a universal number system for its four-crore active subscribers. The universal provident fund number for an employee would be like a bank account number, which would not get changed if the person shifts jobs as well as locations. Mr. Jalan said this time the organisation was working on various models to build a sound system, which would have a lot of advantages for the employees. On the online transfer of provident fund accounts on changing jobs, Mr. Jalan said the system might be launched this month on pan India basis.

The Hindu

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