EPFO to start e-inspection to monitor compliance
Feb 21, 2020, 18:43 IST
Kolkata, Feb 21 () Employees' Provident FundOrganisation (EPFO) will shortly launch an e-inspection systemacross the country for monitoring of voluntary compliance ofEPF scheme by employers, an official said on Friday.
The EPFO is a firm believer of voluntary complianceand wants to understand the industry issues in case of defaultand non-compliance of the scheme, Central Provident FundCommissioner Sunil Barthwal said.
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"The EPFO will start an e-inspection system to monitorvoluntary compliance by the employers," Barthwal said at a CIIevent here.
He said the EPFO is now working on a process whereby aperson will be able to get his or her provident fund on theday of retirement and avail timely pension benefits.
Barthwal said that linking the Universal AccountNumber (UAN) with Aadhaar is required for getting maximumbenefits of the provident fund. DCBDC BDC(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)