Now Reading: EPFO May Launch E-PRAAPTI Portal For Old PF Claims By August-End
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EPFO May Launch E-PRAAPTI Portal For Old PF Claims By August-End
The Employees’ Provident Fund Organisation may launch E-PRAAPTI by August-end to help members trace, link and claim money in old or inactive accounts through Aadhaar verification, Times Now reports. The proposed portal…
The Story in Brief
The Employees’ Provident Fund Organisation may launch E-PRAAPTI by August-end to help members trace, link and claim money in old or inactive accounts through Aadhaar verification, Times Now reports. The proposed portal is being tested as EPFO builds a national database. About 30.91 lakh inoperative accounts hold nearly Rs 9,330 crore, according to the report. Accounts become inoperative after three years without contributions.
The platform will initially serve members with old Member Identification Numbers issued before the UAN system began in October 2014. It may match these accounts to existing UANs, merge them or support withdrawals, while members without a UAN could receive one. The move comes as an EPF officers’ body has reported delays, with lakhs of automated claims pending for over 20 days.
The Indian Opinion
The easy narrative is that a new portal alone will unlock every stuck PF claim. That is too optimistic. E-PRAAPTI could cut paperwork and reduce dependence on former employers, but the officers’ association says staffing and technology gaps have already delayed automated claims. The portal’s real test will be how many of the 30.91 lakh inoperative accounts are successfully matched, verified and settled, and how long those claims take after launch.
Sources (2): timesnownews.com, hr.economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
