"Landep News"
In some good news for all those trying to settle their provident funds, the EPFO will soon introduce a new system, which would provide online filing of applications to settle the money through the EPF accounts. The new system will also transfer accounts from one organization to another.
Samirendra Chatterjee, the Central PF commissioner has said that the work is already in process and that they are currently developing and testing the software. The commissioner also added that they would wait for the current work of computerization to stabilize in the upcoming months.
While talking about the new system, Chatterjee said that in the initial stages the facility of digital signature would not be available, and the applicant has to send a hard copy within the limited time subsequent of the filing up of the online form.
From 1st July the EPFO has started a facility for online information on accounts balance. Chatterjee has assured that the online accounts updating work would complete by the month of December 2011.
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