EPFO Introduces Reforms for Simplified Withdrawals and Digital Services
The Central Board of Trustees of the Employees’ Provident Fund Organisation has approved key reforms to simplify withdrawals, reduce litigation, and enhance digital services.
These reforms aim to improve convenience, compliance, and transparency for over 30 crore members. The measures were approved at the 238th meeting of the Central Board of Trustees, chaired by Union Minister for Labour and Employment, Dr Mansukh Mandaviya.
The reforms include a new Vishwas Scheme to reduce litigation and a digital overhaul under EPFO 3.0, marking a significant shift towards making EPFO services more member-centric, transparent, and digitally efficient.
The decisions mark a significant shift towards making EPFO services more member-centric, transparent and digitally efficient.
Author's summary: EPFO introduces reforms for simplicity and efficiency.