EPFO to start online transfer of accounts by 15 August
29 July 2013 10:36 PM GMT
Retirement fund body Employees’ Provident Fund Organisation (EPFO) is likely to start online transfer of PF accounts on changing jobs by this Independence Day on 15 August, a move that would benefit over 13 lakh such applicants every year.
The Employees' Provident Fund Organisation has started registering digital signatures of employers from Thursday which is a prerequisite for providing the facility and is expecting an overwhelming response from employers.
According to sources, EPFO is hopeful that a sizable number of firms would get their digital signatures registered in the next two weeks and the body can then launch the service.
The source said that the body is planning the launch of service to coincide with Independence day, which would be followed by an awareness campaign to make it popular.
He said that EPFO is expecting establishments which constitute 80 per cent of the transfer claims from sectors like IT, to
register their digital signature in the next two weeks.
The Employees' Provident Fund Organisation has started registering digital signatures of employers from Thursday which is a prerequisite for providing the facility and is expecting an overwhelming response from employers.
According to sources, EPFO is hopeful that a sizable number of firms would get their digital signatures registered in the next two weeks and the body can then launch the service.
The source said that the body is planning the launch of service to coincide with Independence day, which would be followed by an awareness campaign to make it popular.
He said that EPFO is expecting establishments which constitute 80 per cent of the transfer claims from sectors like IT, to
register their digital signature in the next two weeks.
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