EPFO gives big relief… now there will be no hassle in claim settlement, new system is coming!

The Employees’ Provident Fund Organization has given a great news for its members. Now people will not have to face any problem in claim settlement or any other problem, because the Union Ministry of Labor and Employment is bringing a new IT system. Union Labor Minister Mansukh Mandaviya said on Wednesday that the Employees’ Provident Fund Organization (EPFO) will transfer to the new Information Technology (IT) system within the next three months. After this happens, things like making claims and balance check will become more simple. EPFO ​​is also preparing to launch a new IT system 2.01 for this.

After the new system is introduced, there will be no need to transfer the member ID if any member changes his job. There will also be no need to open a new account. The website will become more convenient than before. Let us tell you that through the EPFO ​​portal, you can do everything from checking balance to claim settlement and other PF related work.

What is the problem with the EPFO ​​portal?
Many users had complained to EPFO ​​that there were many problems on the portal. In July last year, some officials of the retirement fund body had written a letter to the central government complaining about the old and “crumbling” software system. Due to this, subscribers were also facing problems. The biggest problem was that some people had difficulty logging in to the EPFO ​​portal. EPFO ​​members were also facing problems in claim settlement. Due to slow server, they were not able to claim their money.

Why is there a problem on the EPFO ​​portal?
People believe that the portal is getting overburdened, due to which there are problems in managing the traffic. The capacity of the IT system on which EPFO ​​works right now is very low. Now EPFO ​​is bringing a new IT system. All these problems will be resolved within three months.

What update is going to happen?
In the updated system, the claim settlement facility will be on auto processing mode. All pensioners will get pension on a fixed date. The facility of checking balance will become easier than before. There will be no need to transfer MID on changing job. The problem of transferring an account will also end. At the same time, PF account holders will have only one account.