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The Re-invented EPF will enable the subscriber to
- Walk into any of the 260 EPF offices in the country, insert a unique identity smart
card i.e. social security card into a kiosk and read his account balance on the
screen.
- By paying a small fee (Rs.5) and inserting a coin into the kiosk, he will be able
to get a print out of his PF account balance for the last completed month.
- The subscriber will be able to file any claim for early withdrawal from the account
or for final settlement at any of the 260 offices across the country regardless
of where the subscriber was last enrolled.
- The turn around time as per Declared Service Standard of EPF will be 2-3 days between
the receipt of a claim and the issue of a cheque and/or electronic credit of the
amount in the subscribers bank account.
- Change of jobs and/or location will not involve any transfer of account from the
previous office or employer and the subscribers account will be accessible from
any of the EPF offices across the country. This will eliminate all transfer delays.
- EPFO will maintain a subscriber-wise individual running ledger account in real time
that will credit interest on monthly balance for each month.
- Regardless of who the employer is or where the worker is working, including the
highly mobile migratory construction workers, the individual running ledger account
of each worker carrying the unique identity number (SSN) will remain constant and
accessible to such worker/member from any location or EPF kiosk.
- Eventually EPF will extend the facility of EPF kiosks to other public places and
to locations within or close to industrial estates and/or where there is concentration
of members to provide the facility any time, any place.
- The EPF will provide for electronic filing of claims of members through employers
in order to cut down the cost and improve service and convenience for subscribers.
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