Employees Provident Fund: EPFO has decided to launch an e-inspection system. From this, it can be ascertained whether the company is depositing the amount on time.
Provident fund withdrawal, Employee pension scheme: Employees working in private sector have the support of employees provident fund after retirement. Under this, after retirement, you get almost the entire amount deposited in your PF account. Apart from this, some employees who come under the pension scheme also get the facility of monthly pension. For PF, Employee Pension Scheme and Employees Deposit Linked Insurance Scheme, a fixed portion is deducted per month from the salary of the employee. Apart from this, the same amount is deposited by the company.
However, you will get this amount only when the amount is being deposited on time. Many times companies commit fraud in this case and do not deposit the amount in the employee’s PF account. To deal with this problem, EPFO has decided to launch an e-inspection system. From this, it can be ascertained whether the company is depositing the amount on time.
Providing this information, Provident Fund Commissioner Sunil Barthalwal told in an event in Kolkata that this system will start soon. With this, he said that we are constantly repairing the process. Soon the system will be so smooth that the employee can get PF on the day of retirement and the pension amount starts being transferred to his account on time.
However, Barthwal said that to get all the benefits of the provident fund on time, it is necessary that the employees link their Aadhaar card to the Universal Account Number ie UAN. He appealed to the employees that if you want your money on time and make the work of EPFO easy, then link your Aadhaar card to UAN.
