The Employees’ Provident Fund Organisation (EPFO) has introduced “Passbook Lite,” an easier PF balance display on its member portal
What Is It?
A new feature in EPFO’s Member Portal offers a quick, summarized overview of PF contributions, withdrawals, and balance — eliminating the need to log into the separate passbook portal.
Inaugurated By: EPFO, represented by the Union Labour & Employment Minister.
Goal:
To streamline access to PF information, minimize login delays, boost transparency, and enhance member satisfaction.
Main Characteristics:
Unified Login: There's no requirement to access a different passbook portal.
Brief Overview: Displays deposits, withdrawals, and existing balance instantly.
Quicker Access: Decreases strain on primary portal, resulting in faster response times.
Expanded View Choice: Complete passbook remains accessible for individuals requiring extensive information.
Integrated with Transfer Tracking: Members can monitor PF transfer status and obtain Annexure K.
Importance:
Enhances Clarity: Participants can promptly confirm employer contributions and transfers.
Decreases Complaints: Removes holdups and password synchronization problems from dual access.
Enhances Digital Inclusion: More than 2.7 crore users achieve effortless access to PF information.
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