EPFO: The central government is now providing significant relief to working people. According to Union Labor and Employment Minister Mansukh Mandaviya, all EPFO offices across the country are being converted into Single Window Service Centers. The biggest advantage of this will be that you will no longer be required to visit your regional office; instead, you will be able to go to any EPFO office in the country and complete your work at a much faster pace. This new system will not only bring digital transparency but will also become a seamless way to transfer millions of account holders’ money stuck for years to their bank accounts.
EPFO Single Window System
The government’s goal is to make EPFO services completely hi-tech. Just as you can get your work done by making an appointment at any center for a passport, a similar system is now going to be implemented for PF. Previously, the rule was that you had to go to the regional office associated with your company. But now, with the help of modern technology, all offices are being interconnected. This means that the geographical boundaries of EPFO offices will no longer be a barrier to your work.
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Trial Begins in Delhi
A pilot project for this revolutionary change has been launched in the national capital, Delhi. During the inauguration of the new ‘Provident Fund Building’ in Vatva, Gujarat, the Union Minister explained that the old system caused a lot of inconvenience to employees. Suppose your company is based in Bengaluru and you live in Delhi, you would have to rush around to get your work done. But now, under this revolutionary initiative, you can simply go to the EPFO office nearest to your home and file your claim or complaint. This will significantly save both time and money.
Mission Mode for Inoperative Accounts
There are millions of PF accounts in the country that have been inactive for years, and the funds deposited in them have not reached their beneficiaries. Now, the EPFO is embarking on a mission-based KYC verification to activate these accounts. A secure digital platform is being created to enable account holders or their heirs to reliably verify their identity and withdraw their trapped funds. This offers a significant boost to families whose money was stagnant in government files.
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Foreign Employment and Social Security
The Indian government is now strengthening the social security of Indians working abroad. PF security requirements are being incorporated into Free Trade Agreements (FTAs). This means that if an Indian employee contributes to the social security system abroad while working there, their savings will not be wasted upon returning to India. Upon returning, the employee will be able to access their funds and benefits.
Coverage of 1 billion people by March 2026
Union Minister Mansukh Mandaviya shared data showing that before 2014, only 19% of the country’s population was covered by social security, which has now increased to 64%. Currently, approximately 940 million people are covered by some form of government security scheme. India has become the second-largest country in the world in this regard, after China. The government’s next target is to bring 1 billion people under this security cover by March 2026, ensuring a secure future for every Indian.