- Union Minister Mansukh Mandaviya launched WhatsApp-based access for EPF information and automatic settlements.
- The WhatsApp service allows checking PF balance, recent transactions, and passbook details easily.
- Automatic settlement targets around one lakh dormant accounts with nearly Rs 5 crore in small balances.
Union Labour and Employment Minister Dr. Mansukh Mandaviya has launched two initiatives to simplify Employees' Provident Fund Organisation (EPFO) services, including WhatsApp-based access to routine provident fund (PF) information and automatic settlement of eligible inoperative EPF accounts.
The initiatives aim to reduce paperwork, minimise visits to EPFO offices and make it easier for subscribers to access their retirement savings.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Under the automatic settlement facility, approximately one lakh dormant accounts involving nearly Rs 5 crore are expected to benefit.
EPFO subscribers can now access essential provident fund information through the organisation's verified WhatsApp service. The facility will allow members to check their PF balance, view their latest five transactions and access passbook-related information through the messaging platform.
The service will also provide personalised guidance and assistance with requirements linked to the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY).
Also Read | EPS-95 Pension: What The Bombay High Court Ruling Means For Private-Sector Employees
By bringing routine EPF services to a widely used mobile application, the initiative is expected to make information more accessible without requiring members to visit physical EPFO offices for basic queries.
In another major move, EPFO has introduced automatic settlement for eligible inoperative provident fund accounts with balances of up to Rs 1,000.
Under the new arrangement, subscribers with Aadhaar-verified accounts will not have to submit individual withdrawal claims to receive their eligible balances. Instead, EPFO will initiate the settlement process after completing the prescribed identity and bank-account verification.
It could particularly help former employees and subscribers whose small PF balances have remained unclaimed in inactive accounts.
Also Read | EPFO Pension Hike: Will Minimum Monthly Pension Rise From Rs 1,000 As Unions Seek Revision?
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.