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Benefits to Subscribers
 

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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