EPFO: PF Members Can Update Or Correct Their Profile Data Online | Personal Finance News

“The integrity of the data in the Member Profile is, thus, being ensured by a Standard Operating Process (SOP) issued by the EPFO on August 22, 2023. It has now been operationalised by EPFO in a digital online mode,” said the organisation. (Also Read: ATF Price Slashed By 6.5% To Rs 94,969.01/kl; Windfall Tax On Crude Petroleum Reduced To Rs 5,200/Tonne)

Members have already started filing their requests using this new facility out of which around 40,000 are already approved by the field offices of EPFO. “The requests land at the employers’ end, who after verification recommend it for approval. They have received around 2.75 lakh such requests till now,” said the EPFO. (Also Read: LPG Price Cut: Commercial Cylinder Prices Reduced By Rs 69.50; Check City Wise Rates)

The consistency of the data of the member in the records of the EPFO is of paramount importance to ensure that the services are provided online seamlessly and to the correct member duly avoiding any risk of erroneous payments or frauds. Presently, around 7.5 crore members are actively contributing to the provident fund, pension and insurance schemes each month.

The EPFO said that in the first two months of this financial year, around 87 lakh claims had been settled in the form of social security benefits like advances for housing, post matriculate education of children, marriage, illness, final Provident Fund settlements, pension, insurance etc.

“The members claim these benefits online which has been made possible through a robust computer software application, which validates the data of the member in the Universal Account Number (UAN),” the organisation noted.