Employees Provident Fund Organization (EPFO) Has started a big facility for its subscribers. Now members can change their name, date of birth and other personal information directly online without getting verification from the company or approval from EPFO. Also, those whose EPF accounts are linked to e-KYC through Aadhaar, they themselves aadhaar otp You can file EPF transfer claim using.
On Saturday, January 18, 2025 Union Labor and Employment Minister Mansukh Mandaviya introduced these two new services for more than 7.6 crore members of EPFO. This step is a major improvement towards making the process related to EPFO simpler and faster.
Who will benefit from the new facility?
However this facility is not available to all members. The Union Minister informed that:
- This service will be provided only to those members whose UAN (Universal Account Number) Released after 1 October 2017.
- Those whose UAN is linked to Aadhaar can update their details without any supporting documents.
If UAN is issued before 1 October 2017:
- employer Will be allowed to correct the details, but supporting documents will be required for this.
- If UAN is not linked to Aadhaar, then the member will have to first go to the employer and get the verification done. After this it will be sent to EPFO for approval.
New method of EPF transfer
Members who have completed e-KYC can now aadhaar otp You can file your EPF transfer claim directly from EPFO through. This will not require the help of the employer. This process will make transfers faster and more transparent.
Impact of facility: Benefits to members and employers
The Union Minister said that about EPFO 10 crore members Are. A large number of these people KYC and transfer process Used to face the problems coming in.
How will members benefit?
- You will be able to update personal information like name, date of birth, father/husband name, joining and leaving date etc. yourself.
- By canceling old pending requests, you will be able to make immediate changes under the new process.
- The resolution of complaints will speed up.
Employers’ work will become easier
- Now they will not have to spend time for changing or verifying the personal information of the member.
- In FY 2025, sent by employers to EPFO 8 million requests Only 40% of these were completed within five days. This time will be saved with the new system.
- Presently employers have more than 3.9 lakh pending cases, which will now be settled directly by the member.
Impact of changes in transfer process
Of the total complaints in EPFO, 17% are transfer related. For first transfer claim:
- Verification from the employer was necessary.
- Average time taken to forward request to employer 12-13 days Seemed like.
- In the last 9 months, about 20 lakh transfer claims remained pending with employers for more than 15 days.
Now this process has become completely digital. In e-KYC linked accounts, the transfer claim will go directly to EPFO, saving time and making the process faster.
