Now Reading: EPFO May Launch Portal to Trace and Claim Old PF Accounts
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EPFO May Launch Portal to Trace and Claim Old PF Accounts
The Employees’ Provident Fund Organisation may launch E-PRAAPTI by the end of August to help members trace, link and claim money in old, inactive accounts, Times Now reports. The platform is undergoing…
The Story in Brief
The Employees’ Provident Fund Organisation may launch E-PRAAPTI by the end of August to help members trace, link and claim money in old, inactive accounts, Times Now reports. The platform is undergoing final backend tests and will use Aadhaar-based verification.
The report says 30.91 lakh inoperative accounts hold nearly Rs 9,330 crore. Accounts become inoperative after three years without contributions. The service will initially focus on old Member Identification Numbers issued before the Universal Account Number system began in October 2014. Members may be able to link matched accounts to an existing UAN, withdraw eligible funds or receive a new UAN. Cases without an MID may go to an EPFO office for verification.
The Indian Opinion
The easy narrative is that a new portal will instantly unlock every forgotten PF balance. That is too sweeping. Aadhaar matching may cut paperwork, but identity checks and cases without an old Member Identification Number will still need scrutiny. The opposite claim, that digitisation alone solves EPFO’s service problems, is equally weak. The useful test is whether the portal launches on schedule and how much of the reported Rs 9,330 crore is actually settled.
Source: timesnownews.com
This story was synthesised by AI from the source linked above.
