Here is some good news for those of you contributing towards provident fund from your salary with Employees Provident Fund Organisation (EPFO) of India. Going forward, salaried people would no longer have to go through the tedious and rather long process of knowing the details of their PF account. Every bit of information related to Provident fund that you may want to track would be just a ‘click’ away in the very near future! If you are looking for info on New Pension Scheme (NPS), check out another article on this blog by following this link.
This news is indeed of a great help to about 4.5 crore PF subscribers in India. One this system is online, all the pf accounts across the country would be made available online. I have gone through a helluva process of getting my PF account details transferred from my previous employers to current one. After all possible kind of interactions with various levels of authorities, till date I have no clue on what is the status of my account transfer. Hope this new system solves all such painful issues associated with individual pf accounts.
The facility is expected to be fully functional from December this year, according to Labour Ministry sources as quoted by one of the prominent news papers recently. Due to the sheer size of the number of accounts, it wouldn’t be an easy task for the government organizations to solve this in a short span of time. Also the paper quoted – “EPFO officials revealed that computerization of its operation took them eight years. Since April, a test run of the facility has been implemented.” It is understandable that people rely a lot on PF to save some Income tax as well as a compulsory investment mode for salaried class people.
In the first phase of implementation after opening it for subscribers online, account balance will be made available. In the latter part of the project, which might roll over to sometime in 2010, the subscribers would be able to view their contribution, interest accrued, status of application for advances, loans and a host of other activities. Also, as a matter of fact PF department had collected forms from many of us to provide with what they call as SSN (Social Security Number) – haven’t heard any news on that number, but off late we are all talking about NUIA (National Unique Identification Authority). Not sure how many more such unique numbers are awaiting in the store! I would be very happy the day all my information is made available with ease in accessing without any delays and hierarchies :)
UPDATE : As per the latest communication by EPF, the PF account details have been made online for few circles. Check out my new post with all the details here - http://www.mohanbn.com/know-your-pf-account-balance-online/. This data is currently available for Delhi (North), Delhi (South), Laxmi Nagar (Delhi), Gurgaon, Faridabad, Karnal and Bangalore. For rest of the circles, read through this article for more relevant information and links.
Find the links below to check your PF account details online:
* Bangalore Region – http://www.epfbng.kar.nic.in/
* Mangalore Region – http://epfmangalore.org/index.html
* Kerala Region – http://epfmalabar.nic.in/balance.html
* For other regional sites – http://www.epfindia.com/RegSites.html