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Govt initiatives for providing details to PF Account Holders

There are no dormant accounts in Employees™ Provident Fund Organisation (EPFO). However, as per provision of para 72(6) of the Employees™ Provident Funds (EPF) Scheme, 1952, a member™s account under certain condition is classified as Inoperative Account. All such Inoperative Accounts have a definite claimant.

As per Para 73(1) of the EPF Scheme, 1952, a statement of account to each member through his last employer will be sent after the close of each year, showing opening balance, contribution during the year, interest credited, amount debited and closing balance of the year.

Following initiatives have been taken by the EPFO to provide details to the PF account holders:-

1) Online access has been given to the EPF members to ˜Know their EPF Balance™ through the website of the EPFO at http://epfidia.gov.in

2) Facility of e-passbook has been provided to the EPF Members. It is an online version of the employee™s Provident Fund account. Transactions are recorded and can be tracked easily by the members by registering themselves on the website of EPFO.

However, in the event of change of employment, a new PF number is issued to the employees as on date. This information was given by Minister of State for Labour & Employment Shri Kodikunnil Suresh in the Rajya Sabha in reply to a written question.

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Tags: Employee Provident FundEmployees' Provident Fund Organisation of IndiaEmploymentEPFEPFOProvident Fund OrganisationRajya Sabha

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