On 25th April 2018, it had been announced that the EPFO Employer Contribution Information will be shared with employees if contributions are not deposited by employers with the body for a given month in due time. EPFO stands for Employees’ Provident Fund Organisation– a retirement fund body.
Currently, the EPFO informs about the contribution’s credit to its members. It is done through SMS/ email to the registered universal EPF account number holders.
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An Employees’ Provident Fund Organisation statement said, “The members whose contributions are not deposited in time remain uninformed. In order to bring more transparency, it has been decided that an intimation by way of SMS/email shall be sent to members (who have registered their MobileNumber/email ID against respective Universal Account Number). It will be in respect of whom contribution has not been deposited by the employer with EPFO for a given month in due time”.
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Now the EPFO Employer Contribution Information will inform members the credit information through e-passbooks online. It can be done through UMANG mobile app as well as through missed call service. The members whose monthly contribution is received on a regular basis may view their contribution details through any of these options. The EPFO will also publish the age-band wise estimate of all new members as declared by their employers– deducting the number of subscribers leaving jobs monthly. It can be accessed online.
Earlier, the Employees’ Provident Fund Organisation had taken a number of e-initiatives. The initiatives are to give services and timely information to all its stakeholders. It is in tune with the center’s motto of minimum government and maximum governance. The retirement fund body has over 5 crore members and manages over Rs. 10 lakh crore.