Good news for 10 crore members of EPFO

Raipur/Delhi. Members of the Employees’ Provident Fund Organization (EPFO) will be able to easily make corrections in their personal information such as name etc. This information was given by the Union Minister on Saturday. Reforms have been implemented in EPFO ​​by the government, after which members will be able to easily make changes in their personal information by themselves by going to the digital platform of EPFO. Union Labor and Employment Minister, Mansukh Mandaviya said, “EPFO has more than 10 crore beneficiaries, whenever a member had to make any changes in his information with EPFO, he had to go through a long process, but now reforms have been implemented in EPFO. After this, members will be able to easily change their information themselves without any external help.” Mandaviya further said, “EPFO has received about 8 lakh complaints related to changes in name and other information. With this change, all these complaints will be resolved soon.” Apart from this, the Union Minister said, “The government has also implemented reforms to simplify EPFO ​​account transfer. Now members will be able to easily transfer EPFO ​​​​account from one institution to another through an OTP. Earlier the process for this was quite long.” Earlier this month, EPFO ​​​​said that it has completed the rollout of Centralized Pension Payments System (CPPS) in all its regional offices across the country. This will benefit more than 68 lakh pensioners. With this new system, beneficiaries will get the facility that they will be able to withdraw pension from any bank. Also, the beneficiary will not need to go to the bank for verification at the time of starting the pension. This step will be a relief for those pensioners who go to their hometown after retirement and live the rest of their life there.