EPFO Relaxes Norms for Transfer of Funds, Change Personal Details

Over 76 million members of retirement fund body EPFO can now change personal details like name and date of birth online without any verification by the employer or approval by EPFO with the rollout of a new facility on Saturday.

- Press Trust of India

NEW DELHI:

Besides, the Employees' Provident Fund Organisation (EPFO) members with e-KYC EPF accounts (Aadhaar seeded) can file their EPF transfer claims online with Aadhaar OTP (one-time password) directly without any need for intervention of the employer.

Union labour and employment minister Mansukh Mandaviya introduced the two new services on Saturday.

The minister said around 27% of grievances filed by members are related to member profile/KYC issues and that would see a significant drop after the rollout of the facility. He also stated that large employers having a huge workload of such requests will also benefit.

The minister stated that the EPFO has simplified the process of joint declaration on the EPFO portal by allowing employees to self-correct most common errors in personal details like name, date of birth, gender, nationality, father/mother's name, marital status, spouse name, date of joining and date of leaving, without any verification by employer or approval by EPFO.

This facility will be available for members whose UAN (universal account number) was issued after October 1, 2017 (when Aadhaar matching was made mandatory).

No supporting document is required in such cases, the minister informed.