Big boost for EPFO subscribers; here is how their money will be safeguarded

Retirement fund body Employees’ Provident Fund Organisation (EPFO) on Wednesday said it will inform its subscribers if contributions are not deposited by their employers with the body for a given month in due time. At present, EPFO only informs about the credit of contribution to subscribers account by SMS/email to registered universal (EPF) account number holders.

“The members whose contributions are not deposited in time remain uninformed. In order to bring more transparency, it has been decided that an intimation by way of SMS/email shall be sent to members (who have registered their mobile number / email ID against respective universal account number) in respect of whom contribution has not been deposited by the employer with EPFO for a given month in due time,” EPFO said in a statement.

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EPFO has so far been intimating its members by way of SMS on credit of their respective monthly contribution into their accounts.