EPFO Launches E-Inspection System To Simplify Process
Employees’ Provident Fund Organisation proposed to amend the Act to limit the enquiry period to a maximum of two years to curtail harassment.
EPFO will launch an e-inspection system to simplify inspection process and ensure organisations with open communication are not subjected to physical inspection until absolutely necessary according to Sunil Barthwal, Central Provident Fund Commissioner. As per a CII release, he also said that EPFO (Employees’ Provident Fund Organisation) proposed to amend the Act to limit the enquiry period to a maximum of two years in order to curtail harassment, at the Confederation of Indian Industry-organised interactive session. The e-inspection system will help customers resolve their PF related problems online.
A small percentage of employees are unable to generate UAN (a 12-digit Universal Account Number provided to all employees entitled to EPF) due to mismatch in data. Barthwal also said, adding to address this issue, the EPFO is looking at alternative authentication vis-a-vis the employee database. “The EPFO is working towards a three-day settlement period for KYC (Know Your Customer) complaint beneficiaries who have UAN linked to Aadhar, have a bank account and a registered mobile number,” the release quoted him as saying. Barthwal also proposed to set up a society of self-regulating consultants, similar to ICAI (The Institute of Chartered Accountants of India), in order to curb “misuse and corruption”.
Get the latest economic news updates on ZEE5.