EPFO Tweaks Rules, No Need for Employer Nod to Update Details

Key changes rolled out by EPFO

- Zia Haq

NEW DELHI: The Employees' Provident Fund Organisation (EPFO), the state-backed retirement-savings manager, has rolled out major changes that will simplify key processes for its nearly 70 million subscribers by cutting down time-consuming approvals and human intervention, Union Labour Minister Mansukh Mandaviya said on Saturday.

Members will now be able to self-correct personal details, including name, addresses and bank details, by logging in to the EPFO website. Such changes by Aadhaar-verified account holders will no longer require the approval of the HR department of a firm, the minister said. To rectify common errors in recording name, marital status and service details during the registration process or later, an employee had to make a request online with supporting documents. The request would have to be verified by the employer and then forwarded to EPFO for approval, a process called joint declaration.