Recently, the Employees’ Provident Fund Organisation (EPFO) introduced a simplified single-page claim form for partial or complete withdrawals. We talk to experts on need of simplification of provident fund processes.
Saraswathi Kasturirangan, partner, Deloitte Haskins & Sells LLP
The move to an online approach by EPFO has reduced processing time. Manual intervention has been reduced by doing away with the need for inspection. Issue of Universal Account Numbers (UAN), linking of Aadhaar and bank accounts have enabled easy transfer of PF balances.
