The Employees Provident Fund Organization (EPFO) has released new guidelines regarding PF accounts. According to the new guidelines, you may have to face difficulties.
If you have a PF account, then this news is very important for you. Actually, now the Employees Provident Fund Organization (EPFO) has released new guidelines regarding PF accounts. According to the new guidelines, you may also have to face difficulties, because for the work that you were doing online from home, you will have to show your papers in PF office. Only after this your request will be completed.
According to the new rules, now normal work related to PF account will be able to be done through online, but if there is any change in your profile i.e. account, then you may have difficulty in submitting PF through online. In such a situation, you know what those tasks are, which you cannot complete online at home…
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Actually, EPFO has taken these steps regarding the security of PF accounts. There have been many cases of fraudulent withdrawal of money in the name of KYC (KYC) over PF account. To deal with this, the Employees Provident Fund Organization has decided to tighten the rules and has issued guidelines for this.
Will not be able to change name online
The EPFO will no longer allow its members to change their names online and make major changes to the profile. EPFO believes that changing the name online causes a mismatch in records, due to which the chances of getting fraud are increased. After this, this step has been taken by EPFO to ban these frauds. Now a paper document will have to be given for a change in name, only after which any change can be made.
Online changes will not be possible now
Major changes in the name, birth date, nominee, address, father or husband’s name in the PF account will happen only after looking at the paper proof of employers and shareholders. The change of online and offline mode in KYC will be considered valid only when the shareholder documents are uploaded.
There is a discount for these changes
According to the EPFO guidelines, small and big changes have been divided. If a name, surname is corrected without changing the first letter, it will be considered a minor change. If the middle name or surname is to be changed after marriage, then the change will be based on the name given in the Aadhaar card. But a complete change in name will not be allowed, and major changes include changing the full name. In this regard, EPFO has issued a circular to the regional offices and member institutions. It has been clearly stated in this circular that they should not improve the record of any employee without any paper proof.
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