EPFO introduces digital life certificate submission facility
Employees’ Provident Fund Organization (EPFO) has started the facility of submission of Digital Life Certificate. Under this, more than 73 lakh pensioners of EPFO will be able to submit life certificate through face authentication from anywhere. This will be the most convenience to those elderly pensioners who face difficulty in biometric (finger print and iris) verification due to age.
Labor and Employment Minister Bhupendra Yadav, chairman of the Central Board of Trustees (CBT), the decision-making body of EPFO, launched this facility. Earlier, the CBT in its 231st meeting gave in-principle approval for centralized distribution of pension to further improve EPFO services for pensioners.
Labor and Employment Minister Bhupendra Yadav also launched Pension and Employee Deposit Linked Insurance Scheme calculator which provides online facility to the pensioner and family members to calculate the benefits of pension and death linked insurance benefits for which they are eligible. .
The Minister also released the Training Policy of EPFO which aims to develop the officers and employees of EPFO into a competent, responsible and future ready cadre, fulfilling the vision and mission of EPFO as world class social security. Committed to.
Under the training policy, every year 14 thousand employees will be given training for eight days and for this, three percent of the salary budget will be kept. The CBT also approved the appointment of Citibank as the custodian of securities of EPFO for a period of three years. A proposal to extend the tenure of the existing custodian Standard Chartered Bank till a new custodian takes over was also approved. PLC/GT
