GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

EPFO to Inform Members About Contributions Not Deposited by Firms

In the recent past, the EPFO has taken a number of e-initiatives to provide services and timely information to all its stakeholders in tune with the government's motto of minimum government and maximum governance.

PTI

Updated:April 25, 2018, 4:54 PM IST
facebookTwittergoogleskypewhatsapp
EPFO to Inform Members About Contributions Not Deposited by Firms
File image of Employees' Provident Fund Organisation office. (Image: PTI)
New Delhi: Retirement fund body EPFO on Wednesday said it will inform its subscribers if contributions are not deposited by their employers with the body for a given month in due time.

At present, Employees' Provident Fund Organisation (EPFO) only informs about the credit of contribution to subscribers account by SMS/email to registered universal (EPF) account number holders. "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 Mobile Number/email ID against respective Universal Account Number) in respect of whom contribution has not been deposited by the employer with EPFO for a given month in due time," an EPFO statement said.

According to the statement, the EPFO has so far been intimating its members by way of SMS on credit of their respective monthly contribution into their accounts. Now, it said that the credit information is available through e-passbook online and UMANG mobile App as well as through missed call service for all members.

The EPFO members whose monthly contribution is regularly received may view their contribution details using any of these options. Besides the body has also decided to publish the age-band wise estimate of all new subscribers as declared by their employers less (deducting the number of) subscribers exiting jobs every month. This information can be accessed online.

In the recent past, the EPFO has taken a number of e-initiatives to provide services and timely information to all its stakeholders in tune with the government's motto of minimum government and maximum governance. The EPFO has subscribers' base of over 5 crore and manages a corpus of over Rs 10 lakh crore.

Also Watch

| Edited by: Tarun Bhardwaj
Read full article
Most Active
Company Price Change %Gain
Reliance 920.80 +4.95 +0.54
Vedanta 251.80 +1.20 +0.48
TCS 3,585.80 -17.90 -0.50
United Spirits 3,250.30 +131.15 +4.20
SBI 266.95 -1.55 -0.58
Company Price Change %Gain
HDFC 1,820.00 +13.95 +0.77
Just Dial 507.40 +42.55 +9.15
Avenue Supermar 1,497.45 +93.25 +6.64
PC Jeweller 192.45 +4.40 +2.34
United Spirits 3,251.00 +128.95 +4.13
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 1,172.10 +60.30 +5.42
Hindalco 245.50 +11.40 +4.87
IOC 163.45 +7.55 +4.84
ONGC 175.45 +7.75 +4.62
HPCL 295.20 +11.95 +4.22
Company Price Change %Gain
ONGC 175.35 +7.70 +4.59
Tata Steel 567.20 +18.80 +3.43
Yes Bank 339.45 +8.95 +2.71
Adani Ports 379.90 +8.70 +2.34
IndusInd Bank 1,914.75 +43.55 +2.33
Top Losers
Company Price Change %Gain
Coal India 275.60 -4.50 -1.61
Tech Mahindra 702.75 -8.60 -1.21
Bharti Infratel 314.85 -3.50 -1.10
ITC 272.30 -2.55 -0.93
ICICI Bank 295.65 -2.05 -0.69
Company Price Change %Gain
Coal India 276.05 -3.80 -1.36
ITC 271.95 -2.85 -1.04
SBI 267.00 -1.50 -0.56
TCS 3,589.45 -15.35 -0.43
ICICI Bank 296.50 -0.75 -0.25